USDCAD Buy Trade ideaI have been monitoring USDCAD for quite some time now. 1.3340 area is a pretty strong support level which also happens to be the broken resistance level back in March'2020. So, I believe it's possible for USDCAD to rally up to the 1.3700 area.
You can also see a strong bullish impulse in the 4H chart.
So, buying between 1.3340-1.3400 with SL below 1.3300 and TP at 1.36 seems like a good trade idea to me.
Usdcaddaily
USDCAD to reverse from downside confirmation, potential drop!
USDCAD to reverse from its downside confirmation at 1.33193 where it could potentially drop further to 1.32618.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD to reverse from downside confirmation, potential drop!
USDCAD to reverse from its downside confirmation at 1.33636 where it could potentially drop further to 1.32743.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD to reverse from downside confirmation, potential drop!
USDCAD to reverse from its downside confirmation at 1.33773 where it could potentially drop further to 1.33111.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD reversed from downside confirmation, potential drop!
USDCAD reversed off its downside confirmation at 1.34162 where it could potentially drop further to 1.33633.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD to reverse from downside confirmation, potential drop!
USDCAD to reverse from its downside confirmation at 1.34237 where it could potentially drop further to 1.33633.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD - LONG OPPORTUNITYAs you can see from the chart when price falls below this level of support it shoots up and hits the highlighted level of resistance so we will look for buys in the support area.
There is alot of divergence on the 4H so i believe this will be the last push to the upside.
Once the higher level of resistance is broken, we wait for a retest and buy again!
USDCAD reversed from intermediate resistance, potential drop!
USDCAD reversed off its intermediate resistance at 1.35125 where it could potentially drop further to 1.34374.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.