USDCAD has just found enough support at 1.2440 level and blasts toward the first target at 1.2550 as expected, however, the market at this point needs to break above 1.2560 to clear the direction of the market in the midterm, and the previous highs will be my bullish TP's.
conversely, you need to keep in mind that the market is still trading at a resistance level and we're still facing the risk of a pullback, so if you didn't catch the fish earlier (placing long entry), then it'd going to be too hard to jump in the market now especially if you don't want to risk 100 pips to place your SL.
conversely, you need to keep in mind that the market is still trading at a resistance level and we're still facing the risk of a pullback, so if you didn't catch the fish earlier (placing long entry), then it'd going to be too hard to jump in the market now especially if you don't want to risk 100 pips to place your SL.
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.
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.