There is a great opportunity to swing USDCAD
* USDCAD is going long for its correction
* 1H Resistance @ 1.23221 was broken and now retested
Entry @ Market Price
TP 1 @ 1.24181
Tp 2 @ 1.25181
SL @ 1.22665
There's strong impulsive breakdown since last year
but eventually it came to Monthly major Support i.e
1.2255.Seems like USDCAD holding above that critical
zone. Daily candle closed in BULLS favour.
Bullish Harmonic Pattern, RSI and Price Action still
However, UC needs to break consoldation zone 1.2330
for proper BULL run.
I try to buy with small lot 3 days ago.
But USDCAD very slow movement and stuck on bottom.
Dont forget use Money management wisely
If you have any idea, leave comment below and dont forget give like.
📉 SELL ZONE – 1.25963 to 1.26463
🔷 Take Profit 1 - 1.25763 (20 Pips)
🔷 Take Profit 2 - 1.25463 (50 Pips)
🔷 Take Profit 3 - 1.24963 (100 Pips)
⛔ Exit / SL - 1.26943
Its showing resistance for price reversal around 1.25900 region, if this resistance holds then we can see the price bearish towards 1.25000
Plan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent...
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
Point of Risk-Reduction: 1,25875
Stop-Loss: 42 pips
Risk: 0,5% - 1%