USD/CAD Bullish Trade Setup: Key Support, Entry, and Target Anal
This chart is a technical analysis of the USD/CAD currency pair on a 3-hour timeframe. Here’s a breakdown of the key elements:
Key Observations:
1. Exponential Moving Averages (EMAs):
200 EMA (Blue Line) at 1.43318 – A long-term trend indicator.
30 EMA (Red Line) at 1.43135 – A short-term trend indicator.
The price is currently trading above both EMAs, suggesting a bullish bias.
2. Support and Resistance Levels:
A support zone (purple box) around 1.43010 to 1.43141 has been identified, which the price is expected to respect.
The target level (EA TARGET POINT) is set at 1.44511, indicating a bullish price movement expectation.
3. Entry, Stop Loss & Take Profit:
Entry Point: Near the 1.43318 level (current price area).
Stop Loss: Placed below the supp
Key Observations:
1. Exponential Moving Averages (EMAs):
200 EMA (Blue Line) at 1.43318 – A long-term trend indicator.
30 EMA (Red Line) at 1.43135 – A short-term trend indicator.
The price is currently trading above both EMAs, suggesting a bullish bias.
2. Support and Resistance Levels:
A support zone (purple box) around 1.43010 to 1.43141 has been identified, which the price is expected to respect.
The target level (EA TARGET POINT) is set at 1.44511, indicating a bullish price movement expectation.
3. Entry, Stop Loss & Take Profit:
Entry Point: Near the 1.43318 level (current price area).
Stop Loss: Placed below the supp
Trade active
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Join my telegram (COPY_TRADE)
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Join my refrel broker link
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Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
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.