USDCAD ready for a bull run
Based on the chart, after a strong sell pressure, price reached an area which a weakness on sellers is observable. On the other hand yesterday we saw a strong rejection of the price from the mentioned area which can be a good sign of huge demand at this price. So to wrap it up, based on these scenarios a good opportunity for buyers have been provided with a good risk/reward ratio and leads me to be buyer at this area.
Note: As always please take risk management rules into consideration before opening any position on the market.
Good Luck!
Note: As always please take risk management rules into consideration before opening any position on the market.
Good Luck!
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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.
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.