USD/CAD: Bullish Outlook
In H1 TF I found a nice Acending Triangle Pattern, if break this triangle, I think this pair may be go to 1.30 level which is very strong resistance. And this pair is also in uptrend mode. We looking for Long position after break this above resistance line of triangle or after retrece from this resistance line. And put stop loss near swing low point of this pair. Our profit target should be at 1.2950 - 1.30 Level.
If usd/cad pair did not break upper resistance line of triangle and return from this level we look for long positon near support line.
So, keep eyes on this pair. Best of luck.
If usd/cad pair did not break upper resistance line of triangle and return from this level we look for long positon near support line.
So, keep eyes on this pair. Best of luck.
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.