Bearish move showing Exhaustion; BUY USDCAD
After a prolonged downtrend, USDCAD is showing signs of reversal. However, it faced some resistance in the 1.3100 area.
That being said, USDCAD is currently consolidating and we could see the next bullish impulse very soon.
If the bullish impulse doesn't happen and we go back to the 1.2960 zone, I will consider buying again.
Either way, USDCAD looks poised for a move to the upside.
So, long entries will be valid between 1.2960-1.3040 with SL below 1.29
Swing traders can target 1.3340 as their TP
That being said, USDCAD is currently consolidating and we could see the next bullish impulse very soon.
If the bullish impulse doesn't happen and we go back to the 1.2960 zone, I will consider buying again.
Either way, USDCAD looks poised for a move to the upside.
So, long entries will be valid between 1.2960-1.3040 with SL below 1.29
Swing traders can target 1.3340 as their TP
Nota
We are up 130 pips from the buy areaTrade ativo
270 pips profit. Very close to the swing target
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.