USDCAD is approaching a support zone from where we could see a rapid movement in the upward direction once the volumes come back in January 2020.
Based on Bullish price action in lower time frames, Traders can look for BUYS between 1.3010-1.3055 with SL below 1.2980. TPs can be set at
1.3180 and 1.3320 respectively.
Based on Bullish price action in lower time frames, Traders can look for BUYS between 1.3010-1.3055 with SL below 1.2980. TPs can be set at
1.3180 and 1.3320 respectively.
Note
Unfortunately, price broke through the Support area. However, I don't trust these year-end breakouts on the back of low volume.Hence, I placed another Buy at 1.2964 and moved SL to 1.2790.
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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.