USD/CAD LONG
Updated
Keeping it nice and simple on this pair.
Price is testing support at 1.39-1.4, this level has confluence of 50 SMA, trend line and support zone. Price could retrace slightly further or rally from here.
Won't be considering shorts until price breaks the 100 period moving average at 1.35.
Price is testing support at 1.39-1.4, this level has confluence of 50 SMA, trend line and support zone. Price could retrace slightly further or rally from here.
Won't be considering shorts until price breaks the 100 period moving average at 1.35.
Note
Waiting to get confirmation on daily, A bullish engulfing and I will enter.Note
SL hit this morning
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.