🧠 Trade Overview
Pair: USD/CAD
Action: Buy
Entry: 1.3867
Target: 1.4100
Pips to target: +233 pips
📊 Quick Thoughts:
Trend Check: Is the broader trend bullish right now? If USD is gaining strength (e.g., DXY rallying) and oil is weakening (since CAD is correlated with oil), then this makes sense.
Resistance Zone: 1.4100 has been a historically significant resistance level. Are you aiming just below the highs to avoid a full retest?
Risk Management: Do you have a stop-loss in mind? Maybe below 1.3800 to protect against a fakeout?
📅 Fundamentals to Watch:
US CPI, Fed Statements, or Jobs Data
Canada Employment or BOC rate talk
Oil prices (big impact on CAD)
Pair: USD/CAD
Action: Buy
Entry: 1.3867
Target: 1.4100
Pips to target: +233 pips
📊 Quick Thoughts:
Trend Check: Is the broader trend bullish right now? If USD is gaining strength (e.g., DXY rallying) and oil is weakening (since CAD is correlated with oil), then this makes sense.
Resistance Zone: 1.4100 has been a historically significant resistance level. Are you aiming just below the highs to avoid a full retest?
Risk Management: Do you have a stop-loss in mind? Maybe below 1.3800 to protect against a fakeout?
📅 Fundamentals to Watch:
US CPI, Fed Statements, or Jobs Data
Canada Employment or BOC rate talk
Oil prices (big impact on CAD)
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit ..
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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.
📲 Join telegram channel free ..
t.me/EU_USA_AND_CHAINA_TRADER
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit ..
t.me/EU_USA_AND_CHAINA_TRADE
t.me/EU_USA_AND_CHAINA_TRADER
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit ..
t.me/EU_USA_AND_CHAINA_TRADE
Related publications
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.