Here is a possible set up for anyone looking to trade USDCAD. I am looking for price to bounce off SMA 100 and SMA 200 support and continue trending within the upward channel. I also see that USDCAD is oversold with the Stochastic. TP: 1.31663 Stop: 1.30392 Good Luck if you take this trade. This is just my idea.
Price has a nice triangle pattern set up.Price broke and came back for the retest just as planned. Will be looking for price to continue as the pattern suggests! Will update as price moves. GL to all and trade safely!
KO is following pattern in the up trend. Coca Cola looks to be on the way back up after the down move. Waiting for the break of the down move before getting in. Target price around $47.00 GL trade safely!
With a break of the small uptrend I will be looking for price to retest the previous low. We may see a bounce back up to retest the trend line. Or we could see it drop a lot more from previous low! GL to ALL. Trade Safely! Please Like and feel free to Follow! :)
We could still see a move down to the .786 fib line, but playing a buy set up there is a high risk trade. I would wait for price to break the channel then consolidate! Will be looking for price to break on this upmove! GL to ALL, Trade Safely! Please Like and feel free to follow! :) AN has the same setup will be watching both very closely!