USDCAD > Bullish or Bearish?
Updated
USDCAD - Support and Resistance
Timeframe: 1W
Bullish channel supports broken @ 1.2529 / 1.2485 which signals possible re-test of Bearish trend toward 1.2393 / 1.2266 levels.
Firm break and hold above supports provide possible indication for continuance of Bullish trend correction toward 1.2770/77 resistance.
Personal bias: Bearish
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Timeframe: 1W
Bullish channel supports broken @ 1.2529 / 1.2485 which signals possible re-test of Bearish trend toward 1.2393 / 1.2266 levels.
Firm break and hold above supports provide possible indication for continuance of Bullish trend correction toward 1.2770/77 resistance.
Personal bias: Bearish
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Note
BUY Entry order placedEntry @ 1.26653
T/P @ 1.27745
Day trade only
Target 109.2 pips
Note
Bullish trend remains as long as price stays above 1.2565 levelNote
BUY Pending order cancelled. All live/pending orders closed for over weekendTotal P/L for week day trades = +331.6 PIPS
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