UsdCad (short-term bullish)

If you analyze UsdCad you will see that this currency is going through the distribution phase now.

I am short term bullish for next week. Price has found short-term support. I would like to see our H4 support reclaimed/will behold and then I will target two targets.

Trade active

Price almost tested our support, 3 pips, and starting to rally to our first target. Let's see what we will get, so far so good.

Note

Even though I like our reaction to the price of our support, I am moving SL to BE here (slightly in profit). I do not like that price is stuck so long on support. It can quickly take out a 1.31 level.

Safety #1

Trade closed manually

Good decision for moving SL into BE.

Note

I do a daily observation of major currencies in forex and crypto. Do not miss any move, high-valued analysis or educational content.

Free Telegram: t.me/ADA_Public
Twitter: twitter.com/trader_ada

__________________________________________________________________________________________________________________

I've been analyzing for some time which exchange/broker is best for trading all-assets (crypto, forex, gold,..).

PrimeXBT (tight spreads, up to 1000x leverage, 24/7 support, lowest fees, no slippages, no overloads, quick withdrawals, No KYC).

go.primexbt.com/click?pid=507&;offer_id=12
__________________________________________________________________________________________________________________

Note

We have set up Discord for our community and here is a link:

discord.gg/3myy2DB

Please join and enjoy staying there

What is there?
- swings setups + live management of these setups
- weekly reviews
- requests charts for particular coins

UnknownUnicorn6034472

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.

UnknownUnicorn6034472