On the longer term daily chart, USDCAD is trading within a very strong bullish channel. This bullish channel started on Sept 2012, with 4 confirmed trend lines bounces. Could there be a 5th bounce at the support zone of 1.0560-1.0600? Enter a long position here to find out!!
Long USDCAD 1.0570-80 (middle of the support zone)
SL 50-60pips
TP1 1.0800
TP 1.0900
Long USDCAD 1.0570-80 (middle of the support zone)
SL 50-60pips
TP1 1.0800
TP 1.0900
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.