[b]USDCAD – Buyers might continue way higher.USDCAD – Buyers might continue way higher.
Trend: Strong Buy
Support/Resistance:
R2: 1.32951
R1: 1.32696
S1: 1.32111
S2: 1.31854
Price action:
In this case, buyers did a great job from previous week. The good news are that, they've already broken important levels to prove USD positive signs. If buyers will contunue way up, then we are following next targets. In case buyers will relay for a while, then they'll left sellers to bring price to test support area.
Potencial trade idea:
Bulls targets:
T1 = 1.32696
T2 = 1.32951
Bears targets:
T1 = 1.31854
NOTE – We are trading USDCAD via the preferred trading setups
Disclamer1: We have to wait for a currency pair to trade after news are reliased. This might be a short correction, or price will give us moving dirrection after news are reliased.
Disclaimer2: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
