Usdcadbuy
USDCAD to reverse from downside confirmation, potential drop!
USDCAD to reverse from its downside confirmation at 1.35257 where it could potentially drop further to 1.33160.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD potential bounce!
USDCAD expected to reverse up to 1st support at 1.36339 where it could potentially react and bounce to its resistance at 1st resistance at 1.38730.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD BUY SETUPPrice has touched the 61.8% of the first impulse move.
I will open a buy position here.
Anticipating price to go to the upside ~ 250 pips.
Price will need to break thru intermediate resistance for me to ride the trade the full long position.
If price rejects, I will take profit at intermediate resistance level.
Long $USDCAD for test of the top of the (Range Trading)On this test of support at the bottom of the range I am looking to buy $USDCAD for a test of resistance. If this break is confirmed and hold, then this trade is no longer viable and further losses can be expected. However, until then I would proceed with caution and favor a long at support. Especially, since the pair is in oversold territory, however, I am keeping my stops tight.
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Dr. Lydia Smith