USDCAD Thesis
- Weekly: After rejection off 1.3125 psychological zone last weeks candle closed as a bullish marubozu breaking above 1.3250 psychological zone signalling more bullish movement to come.
- Daily: Friday candle broke clean above 1.3250 psychological level & created new highs changing structure to bullish. Next possible target 1.3350 zone.
- 1hr: Price did gap below 1.3250 upon market open but made its was back above. Now waiting for a pullback into 1.3250 for a retest after break. Once retested & level holds could see a rally up to 1.3350.
Trade active
Trade closed manually
-5 pipsTrade active
Trade closed: target reached
First target hit. Exit rest of trade in 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.