Breakout on USDCAD
USDCAD Breakout Analysis
February 4, 2025
Technical Setup: Breakout Trade
Breakout confirmed after consolidation period
Previous resistance becoming support
Trade setup
Clear break above consolidation range
Strong momentum after breakout
Higher highs forming after breakout
Trade Opportunity
Entry: Support zone after break out
Stop Loss: Below breakout level
Targets: floating profit to catch major bullish trend
February 4, 2025
Technical Setup: Breakout Trade
Breakout confirmed after consolidation period
Previous resistance becoming support
Trade setup
Clear break above consolidation range
Strong momentum after breakout
Higher highs forming after breakout
Trade Opportunity
Entry: Support zone after break out
Stop Loss: Below breakout level
Targets: floating profit to catch major bullish trend
Trade closed: stop reached
hit sl
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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.