Get started
U.S. Dollar / Canadian Dollar

USDCAD: Between 1.29990 and 1.30320, 09-08-2018

By UnknownUnicorn3186042
  • USDCAD is between a range of 1.29990 and 1.30320
  • It's safer not to enter a trade if the price is between a range
  • Trend is Up on higher time frames means it is close to Long
  • You can follow my analysis on the chart supported by guidelines about entry points, stop loss and take profit
  • It's possible to make a BUY stop or SELL stop orders (I prefer immediate execution not pending orders)
  • I prefer to wait news today (after two hours from the analysis) for both USD and CAD
  • if one is (+) and the other is (-) so identify the trade direction
  • If two are (+) or two are (-), so wait until the price breaks either a resistance or a support level, then execute..
  • I think it almost will be Long (because of the trend analysis), but be safe and wait for breaking any level after the news..
FibonacciSupport and ResistanceTrend Lines
UnknownUnicorn3186042

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.