Will be looking at the PRICE ACTION near support. There are two SUPPORTS, one at 1.3380 and the other at 1.3338.
I will be looking for BUYs if price reaches these SUPPORT LEVELS and target 1.3520 as TP.
Hello guys. Please refer to the image. This is what I see for USDCAD.
After a nice drop following my previous analysis, I'm going for a long because the resistance has been retested multiple times, making it weaker. Usually, price will go back there to break it.
Let's see. Don't forget to put a risk on your trade. TAYOR!
KHALID HAMID @ tfspriceaction
Hi everyone. Please refer to the image. Beware of CAD news coming out tonight (SEA time). It might move the pairs then. For now its still not moving much. Maybe waiting for news data.
TAYOR and all the best traders!
This setup is so damn simple and a lot of you traders will overlook it because of this reason as you have been programmed or told that a trade SETUP must be complicated when the blunt reality is that SIMPLE IS BEST.
Fu#k your so called mentors off if they are filling your head with this rubbish, check our previous charts on here and you will see how simple and...
Still within the rising channel, as long as there is no exit from this rising channel we remain in a buying position, the best time to buy is as close as possible to the support line.
Entry price: 1.3427
Stop loss: 1.3250
Take profit: 1.3660.
USDCAD will not break above $1.36664 because of no recent attempt to do so. The last time prices were that high was last june and they did not stick there for very long. I am goimg short on this one as i am following the primary movement of price. I have no confidence in this awaited Bullish breakout because prices have - most of the time trending below $1.13037,...