AbhishekHSinghCMT
Short

USDCAD- look for retracement in the zone 1.2750—1.2700

FX:USDCAD   U.S. Dollar/Canadian Dollar
95 2 6
7 months ago
USDCAD- look for retracement in the zone 1.2750—1.2700
Once the rising trendline gets broken or prices start moving below 1.2850…look for down …up (to touch the rising trendline & get resistance & fall again to complete the correction in that case my 1st wave is done from the lows of 1.2460 to 1.2951. The running correction shall be pull back wave for even larger up move beyond 1.2951.
I shall be looking for the zone 1.2700—1.2750 as the support zone & once we get bullish confirmation in that zone, we shall look for buying USDCAD             for new highs above 1.2951.
Markets are very dynamic & need to analyse every moment- so kindly click like button for me to put more efforts & become market detective –which can help traders to see the path of the instrument & trade wisely not blindly.
Regards,
Abhishek H.Singh, CMT

6 months ago
Comment: For any weakness to happen or taking short position shall be advisable only if the pair breaks rising trendline...or going below 1.2850 as suggested in the update.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
+919833996865 | LinkedIn
BLUE43 TOP
7 months ago
1.27500 is the 0.382 if hold more long coming if not maybe go to 0.5 area at 1.21600
Reply
0.5 area is 1.2760 ..guess that could be support but market dynamics are very tough ...have to be on toes every moment.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out