USDCAD - Analysis
Bullish Indications:
Break last lower high after bearish trend
Trend reverse from strong support zone
Trend line support
Gartley Pattern
Double Bottom
Bearish Indications:
currently in strong resistance zone
Resistance at Fib 0.382
Plan A:
SHORT if trend bounce back
from current resistance around 1.26000
Take entry at 1.25600
SL: 1.26500
TP1: 1.24910
TP2: 1.24400
Plan B:
LONG if resistance break 1.26300
Entry: 1.26498
SL: 1.25900
TP1: 1.26815
TP2: 1.27475
TP3: 1.28410
Break last lower high after bearish trend
Trend reverse from strong support zone
Trend line support
Gartley Pattern
Double Bottom
Bearish Indications:
currently in strong resistance zone
Resistance at Fib 0.382
Plan A:
SHORT if trend bounce back
from current resistance around 1.26000
Take entry at 1.25600
SL: 1.26500
TP1: 1.24910
TP2: 1.24400
Plan B:
LONG if resistance break 1.26300
Entry: 1.26498
SL: 1.25900
TP1: 1.26815
TP2: 1.27475
TP3: 1.28410
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