U.S. Dollar / Canadian Dollar

Long

Updated

UsdCad Moving Up Again - Double Bottom on Major Support

- Double bottom on major support zone
- Break of trend line with retest and rejection off trend and minor support

First Targets - 1.403
Second Targets - 1.411

Note

- Topping out at trend line with structure resistance
- Monthly and Weekly pivot points suppressing price
- Strong volume on the hourly spinning top hinting at selling pressure

Trade closed manually

TheCaffeinatedTrader

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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.

TheCaffeinatedTrader

Also on:

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.