USDCAD Idea 10th May 2020
Hello traders
Today, looking at USDCAD what do we see?
I'm looking for a bullish market. We're currently sitting on a weekly support. Uptrend showing on monthly, weekly showing us more uptrend action, allowing us to see a very compact falling wedge, daily is simply blowing out that falling wedge and I foresee bullish breakout in the next coming weeks.
Support has been broken on the daily but has only tested the weekly, which for me amplifies the strength of it. I do believe price will rise and I've even put 3 possible trades into the chart.
Happy trading
Roo :)
Please remember I am a hobby trader, this is not financial advice and any losses or gains are your own!
Be sure to like and comment on the chart and follow me on trading view.
Today, looking at USDCAD what do we see?
I'm looking for a bullish market. We're currently sitting on a weekly support. Uptrend showing on monthly, weekly showing us more uptrend action, allowing us to see a very compact falling wedge, daily is simply blowing out that falling wedge and I foresee bullish breakout in the next coming weeks.
Support has been broken on the daily but has only tested the weekly, which for me amplifies the strength of it. I do believe price will rise and I've even put 3 possible trades into the chart.
Happy trading
Roo :)
Please remember I am a hobby trader, this is not financial advice and any losses or gains are your own!
Be sure to like and comment on the chart and follow me on trading view.
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