USDCAD has bounced back from 1.2700 support level as expected. In fact, it has created a double bottom at that support area, and now is trading at 1.28500
A long is recommended at market price or at a lower level such as 1.2800
Stop loss under 1.2750
Two targets for taking profit: 1.3000 and 1.3200
A long is recommended at market price or at a lower level such as 1.2800
Stop loss under 1.2750
Two targets for taking profit: 1.3000 and 1.3200
Trade closed: target reached
Target 1 reached at 1.3000.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.