Good afternoon traders!
Possible setup happening on the daily timeframe. I am expecting a pullback between 1.29500 & 1.29700 then any signs of a potential reversal. Usually after strong moves up you will get the market to come back almost 100% of the impulse move. Looking at my possible target 1.26200. Wait for confirmation of a reversal "if" it pulls back, if not, regardless 1.26200 seems where USDCAD is headed.
Hope this helps. If yah wish to have other currency pairs analyzed, feel free to just comment below. Happy Trading.
Possible setup happening on the daily timeframe. I am expecting a pullback between 1.29500 & 1.29700 then any signs of a potential reversal. Usually after strong moves up you will get the market to come back almost 100% of the impulse move. Looking at my possible target 1.26200. Wait for confirmation of a reversal "if" it pulls back, if not, regardless 1.26200 seems where USDCAD is headed.
Hope this helps. If yah wish to have other currency pairs analyzed, feel free to just comment below. Happy Trading.
Trade closed: stop reached
Trade was closed, market hit our SL at breakeven so we did take atleast some small profits.Next Trade....
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.