Techical view
On Daily Timeframe we can see USD/CAD is moving in channel for several months now. I will anticipiate buy position in the next couple of days. I am looking for 5th impulsive wave. I would consider my buy positions around 1.32250 after price action confirmation, with SL around 30 pips just below uppert trend line. TP1 will be at 1.33143 (possible Trunaction) if not TP2 at 1.33950 ( wave 5th is compleate). I will also point out 50% Fibb ratrecment at. 1.33143 and 61.8% Fibb ratracment at 1.33950. After touching these levels I will look for Sell oportunities.
On Daily Timeframe we can see USD/CAD is moving in channel for several months now. I will anticipiate buy position in the next couple of days. I am looking for 5th impulsive wave. I would consider my buy positions around 1.32250 after price action confirmation, with SL around 30 pips just below uppert trend line. TP1 will be at 1.33143 (possible Trunaction) if not TP2 at 1.33950 ( wave 5th is compleate). I will also point out 50% Fibb ratrecment at. 1.33143 and 61.8% Fibb ratracment at 1.33950. After touching these levels I will look for Sell oportunities.
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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.