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USDCAD has broken the Trendline structure to form a corrective uptrend. The price is still above the 20 SMA, indicating that the market's bullish momentum is still strong. The bullish wave may extend to 1.385. Pay attention to the reaction at the 1.375 liquidity candle wick zone for a positive DCA strategy.
📉 Key Levels
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USDCAD has broken the Trendline structure to form a corrective uptrend. The price is still above the 20 SMA, indicating that the market's bullish momentum is still strong. The bullish wave may extend to 1.385. Pay attention to the reaction at the 1.375 liquidity candle wick zone for a positive DCA strategy.📉 Key Levels
- Support: 1.365
- Resistance: 1.375-1.385
- BUY Now: 1.365 (Strong support zone)
- BUY Trigger: break and close above 1.375
- Target: 1.385
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Trade active
BUY SIGNALS running + 70 pips profitTrade closed: target reached
BUY Signals reach TP 1 + 100 pips
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☘️My Telegram Channel: t.me/VHTraderFX
Join me to get Trading signals, Trading knowledge for investors
Join me to get Trading signals, Trading knowledge for investors
Related publications
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.