USDCAD (U.S. Dollar vs Canadian Dollar) is powering through after breaking out above the descending trendline on the 4H chart! We’re adjusting our targets to ride this bullish wave even further! 🌊
Current Price: 1.38479 💰
Breakout Confirmed: Above 1.38470 (Descending Trendline Resistance) ✅
Pattern Spotted: Descending Trendline 📉
What’s Happening? 🤔
Since the breakout above 1.38470, USDCAD has shown strong bullish momentum, and we’re now targeting higher levels! The price is holding steady at 1.38479, and we’re setting our sights on bigger gains—just like we did with our BTCUSD trades, nailing 850 pips and hitting $74,500! 🎯
Updated Bullish Trading Plan: 📝
- Entry: If you’re already in, hold your position! If not, buy on a pullback to 1.38470 (former resistance, now support) with confirmation. 📲
- Target 1: 1.4000 🎯
- Target 2: 1.4200 🏆
- Stop Loss: Keep it below 1.3800 to protect your capital. 🛡
- Pro Tip: Trail your stop loss as price climbs to lock in profits on this rally! 💡
The bulls are in full control, and we’re aiming high! 🐂 Let’s make this another winning trade for the books. Are you holding for these targets? Drop a 🚀 in the comments if you’re in on this move! 💬
Current Price: 1.38479 💰
Breakout Confirmed: Above 1.38470 (Descending Trendline Resistance) ✅
Pattern Spotted: Descending Trendline 📉
What’s Happening? 🤔
Since the breakout above 1.38470, USDCAD has shown strong bullish momentum, and we’re now targeting higher levels! The price is holding steady at 1.38479, and we’re setting our sights on bigger gains—just like we did with our BTCUSD trades, nailing 850 pips and hitting $74,500! 🎯
Updated Bullish Trading Plan: 📝
- Entry: If you’re already in, hold your position! If not, buy on a pullback to 1.38470 (former resistance, now support) with confirmation. 📲
- Target 1: 1.4000 🎯
- Target 2: 1.4200 🏆
- Stop Loss: Keep it below 1.3800 to protect your capital. 🛡
- Pro Tip: Trail your stop loss as price climbs to lock in profits on this rally! 💡
The bulls are in full control, and we’re aiming high! 🐂 Let’s make this another winning trade for the books. Are you holding for these targets? Drop a 🚀 in the comments if you’re in on this move! 💬
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.