Don't miss the great buy opportunity in USDCAD
Updated
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.305). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCAD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 52.
Take Profits:
TP1= @ 1.3115
TP2= @ 1.3167
TP3= @ 1.3330
TP4= @ 1.3330
TP5= @ 1.3488
SL= Break below S2
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. There is a possibility of temporary retracement to suggested support line (1.305). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCAD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 52.
Take Profits:
TP1= @ 1.3115
TP2= @ 1.3167
TP3= @ 1.3330
TP4= @ 1.3330
TP5= @ 1.3488
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Trade active
574 pips profit...Total Profit: 574
Closed trade(s): 362 Profit
Open trade(s): 212 Profit
Update Details:
Closed Profit:
TP1 @ 1.3115 touched at 09.07.2020 with 65 Profit.
TP2 @ 1.3167 touched at 09.08.2020 with 117 Profit.
TP3 @ 1.3230 touched at 09.08.2020 with 180 Profit.
65 + 117 + 180 = 362
Open Profit:
Profit for one trade is 1.3156(current price) - 1.3050(open price) = 106
2 trade(s) still open, therefore total profit for open trade(s) is 106 x 2 = 212
All SLs moved to Break-even point.
Take Profit:
TP4= @ 1.3330
TP5= @ 1.3488
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🌟36 Forex Pairs
🌟175 Cryptos
🌟16 Stock & Currency Indices
🌟Gold,Silver,Oil,Gas
✅ Best Profitable Trading Strategies
✅ in 9 languages
✅ since 2007
FREE Telegram 👉 t.me/forecastcity_com
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