Details on chart.
Note
I am bullish on this pair as I see some good pullback above 1.34 figures before reversing.. But it needs to crack 1.322 previous support not good resistance..For now it has made good base at 1.30 for bounces.. and new downtrend will start only after break of 1.28. Above it will remain in consolidation.
Note
Previous support 1.322 now good resistance.Note
USDCAD Daily Chart.Note
UCAD again bounced from 1.30.. now base.. and we will most likely see move towards 1.316 and 1.322 today.. and if we able to break 1.322 then new jumps will start for 1.34 in coming sessions.Note
If usdcad didnt clear 1.32 then possibility for fall back again towards 1.308...Note
1hr chartNote
I entered with 2nd entry from 1.2084 and keeping stops of both deals 1.29Note
Note
Out with loss at 1.2946Note
I am short usdcad from 1.2948 with stop 1.2955.. Only 7 pips stop.. just 1 pip above new 4hr candle.Will adjust tp but will watch this 4hr candle close.
Note
USDCAD can possible test 1.2856 and even 1.283 as well...Note
Closed sell at 1.2865 from 1.2948.
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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.