USDCAD: TESTING A SUPPORT CLUSTER
This instrument is testing a weekly time frame support cluster of 1W MA 100, 1W MA 200, a digonal resistance and a horizontal resistance, all these happening in a demand zone. A bounce from here is very likely. We can look for a buy setup when the price has successfully breached the blue diagonal line (check the inserted 4HR time frame chart)
Note
Note
Note
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.
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.