USDCAD I BUY I TECHNICAL ANALYSIS
Updated
Huge surge on the price of the instrument during the last couple of days causing resistance to be broken. Currently, the price has been identified as being in a flag pattern with an impulsive move to either the upside or the downside being expected. This is a long bias, so if the trade was to be taken a stop below the resistance would be ideal. This trade is currently being taken by me.
Take profit has been identified based on the impulsive move as well the direction of the price if the support is broken with an impulsive move to the downside.
Good luck to traders, lets take in Profits.
TP - 134.79
SL - 133.70
Take profit has been identified based on the impulsive move as well the direction of the price if the support is broken with an impulsive move to the downside.
Good luck to traders, lets take in Profits.
TP - 134.79
SL - 133.70
Trade active
Trade closed: stop reached
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