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Viktor_strifor_analyst
Nov 21, 2023 5:42 PM

Strifor || USDCAD-22/11/2023 Long

U.S. Dollar/Canadian DollarFXCM

Description

Preferred direction: BUY
Comment: More medium-term trading idea. There are suggestions that the buyer here on a more global scale is accumulating a long position. For a potential long, we highlight two options for the development of events.

According to the first scenario, a higher priority for medium-term long is entry after a false downward movement at the level of 1.36545, where support is located. We are not setting the growth target high yet; we are limiting ourselves to the level of 1.37500, where it is more likely that there will be a pause, and then again a likely continuation of growth.

The second scenario involves buying from the specified support in a rebound format. A more risky and unlikely scenario for positive implementation.

Thank you for like and share your views!

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Comments
Arazmajeed
Perfect strategy, very helpful thanks
Viktor_strifor_analyst
@Arazmajeed, I appreciate your feedback :)
Stargazer_fx
nice analysis thanks for sharing
Viktor_strifor_analyst
@Stargazer_fx, anytime :)
Viktor_strifor_analyst
What is your view for USDCAD?
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