USDCAD - Ranges overview
Here is quick look at USDCAD....
As you'll have noted we have broken above the weekly mid range (black line) and we are currently holding above it.
The overall trade idea (on the left side) remains valid...personally taken out at breakeven (as some of you guys might remember...). Personally did not re-enter any position but you'll see how the plan and narrative hasn't changed....
IF we manage to hold above the mid range expect us to continue higher towards the buyside liquidity (red line) sitting around 1.39695
IF we fail to hold the current mid range expect us some pa towards the LTF sellside resting around 1.35000
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
As you'll have noted we have broken above the weekly mid range (black line) and we are currently holding above it.
The overall trade idea (on the left side) remains valid...personally taken out at breakeven (as some of you guys might remember...). Personally did not re-enter any position but you'll see how the plan and narrative hasn't changed....
IF we manage to hold above the mid range expect us to continue higher towards the buyside liquidity (red line) sitting around 1.39695
IF we fail to hold the current mid range expect us some pa towards the LTF sellside resting around 1.35000
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
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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.
Related publications
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.