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Usdcadidea

Usd/Cad : 1.1900-1.1830 level support test is likely Pair is trading inside the 1.4700- 1.1930 level since the past 6 years as the price is mostly moving based on the crude oil price . As of now , its heading towards the 1.19xx major support and likely to drop 100-150 pips below since the probability of stop loss cluster around that area is very high. On the other side , crude oil is showing weakness around 67 level and traded inside the 63-67 range since many days, indicating price likely to test around the 57 handle for short term. Hence, for Usd/Cad , better is to split the long positions near and below the major support Long position #1 : 1.1930 Long position #2 : 1.1800-1930 Long position #3 : Below 1.1800 ( If there is any Machine initiated so called fat finger error )
Long
by UnknownUnicorn13514545
USDCAD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
2