USD/CAD trade - 1.26000 level and why I kept my eye on this leve
Meant to post this the other day.
- October 2004 price broke through support.
- May 2005 area was tapped and rejected towards the downside.
- Oct, Dec, Nov 2008 bouncing as resistance, then continues throughout Jan, Feb, Mar 2009.
- February 2009 price showed downward strength.
- Jan, Feb, Mar 2015 price held as resistance.
- July 2015 had the strength to push passed.
- May 2016 price held at this level for over a year.
- July 2017 support has broken.
- August 2017 price taps the celling.
- October 2017 & February 2018 price continues to break past.
- December 2017 level has been passed.
- April 2018 came back to level as support
- March 2021 passed support yet again.
- April 2021 came back to test, and moved down
- July, Aug, Sept 2021 price traveled up and became acquainted with 1.28000 level.
- October 2021 bounces down to 1.23000 area after huge run up.
- November 2021 soars through resistance (1.26000) level. With tapping 1.28000 level.
- January 2022 price took a breather at 1.25000 level then broke resistance.
My entry – 1.26000 level
Take Profit – 1.28000 level
- October 2004 price broke through support.
- May 2005 area was tapped and rejected towards the downside.
- Oct, Dec, Nov 2008 bouncing as resistance, then continues throughout Jan, Feb, Mar 2009.
- February 2009 price showed downward strength.
- Jan, Feb, Mar 2015 price held as resistance.
- July 2015 had the strength to push passed.
- May 2016 price held at this level for over a year.
- July 2017 support has broken.
- August 2017 price taps the celling.
- October 2017 & February 2018 price continues to break past.
- December 2017 level has been passed.
- April 2018 came back to level as support
- March 2021 passed support yet again.
- April 2021 came back to test, and moved down
- July, Aug, Sept 2021 price traveled up and became acquainted with 1.28000 level.
- October 2021 bounces down to 1.23000 area after huge run up.
- November 2021 soars through resistance (1.26000) level. With tapping 1.28000 level.
- January 2022 price took a breather at 1.25000 level then broke resistance.
My entry – 1.26000 level
Take Profit – 1.28000 level
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.