USDCAD – Buyers on the way higher
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USDCAD – Buyers on the way higher
Trend: Strong Buy
Support/Resistance:
R2: 1.33841
R1: 1.33289
S1: 1.33041
S2: 1.32566
Price action:
At the moment USDCAD is very bullish from USD momentum and CAD zero momentum. To follow this trade, buyers have to break first resistance level and then price can hit our first potencial target at 1.33841 resistance level.
On the other side, if price get denied from bullish idea, then sellers might test lower support levels.
Potencial trade idea:
Bulls targets:
T1: 1.33289
T2: 1.33841
Bears targets:
T1: 1.32566
NOTE – We are trading USDCAD via the preferred trading setups
Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education
Good trading!
Elitefxacademy
Use our free analysis where you have everything you need for potencial trade ideas and profit.
USDCAD – Buyers on the way higher
Trend: Strong Buy
Support/Resistance:
R2: 1.33841
R1: 1.33289
S1: 1.33041
S2: 1.32566
Price action:
At the moment USDCAD is very bullish from USD momentum and CAD zero momentum. To follow this trade, buyers have to break first resistance level and then price can hit our first potencial target at 1.33841 resistance level.
On the other side, if price get denied from bullish idea, then sellers might test lower support levels.
Potencial trade idea:
Bulls targets:
T1: 1.33289
T2: 1.33841
Bears targets:
T1: 1.32566
NOTE – We are trading USDCAD via the preferred trading setups
Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education
Good trading!
Elitefxacademy
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.