USD/CAD bounces off Support level, time to go long?
Hello traders, USD/CAD has bounced off the long-term support level that I have highlighted in my chart.
We can see the formation of Bullish candlestick pattern in the Support level that gives us a significant
reason to consider long entries in USD/CAD.
That being said, I would recommend traders to wait for a better entry before going long to minimize the risk.
1.3274 appears to be a key level to go long with SL moderately below 1.32 level and TPs at 1.35 and 1.37
respectively.
We can see the formation of Bullish candlestick pattern in the Support level that gives us a significant
reason to consider long entries in USD/CAD.
That being said, I would recommend traders to wait for a better entry before going long to minimize the risk.
1.3274 appears to be a key level to go long with SL moderately below 1.32 level and TPs at 1.35 and 1.37
respectively.