TradingView
ForecastCity
Aug 6, 2021 3:54 PM

💡Don't miss the great buy opportunity in USDCAD Long

FX:USDCAD240
U.S. Dollar/Canadian DollarFXCM

Description

⋅
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.2515).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. USDCAD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 65.

Take Profits:
TP1= @ 1.2602
TP2= @ 1.2646
TP3= @ 1.2731
TP4= @ 1.2787
TP5= @ 1.2872

SL= Break below S2

❤️ If you find this helpful and want more FREE forecasts in TradingView

. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!

❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?

Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.

Trade well, ❤️
ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsUSDCADUSDCADusdcadbuyusdcadlong
Comments
deepsingh31370
⋅
hey man you are brilliant I learn soo many things from your chart
thank you sooo much for sharing your ideas❤️❤️
Mehmetozdemi
⋅
Lovely analysis, man!
ForecastCity
⋅
@Mehmetozdemi, Thanks for your comment.
Lizabet
⋅
We have a similar vision here!
ForecastCity
⋅
@Lizabet, Thank you for your comment
More