Retracement End in USD/CAD
Hi guys, here is my analysis about 
USDCAD.
We can easyly see, thanks to a trendline, a strong bull impulse started in 19th October.
At the moment the trendline has been broken by what I think is a normal retracement, we can see it thanks to a trendline too.
The retracement toutched the SMA(200) in the 4H chart and the EMA(25) in the 1D day chart.
These are strong dynamic supports, I think that the price wont go bellow them and this means that the price is ready to broke the trendline.
Targets for this trade are 2:
To get in I will wait for confirmation in lower timeframes.
For any question or suggestion, comment below.
Thanks for reading.
USDCAD.We can easyly see, thanks to a trendline, a strong bull impulse started in 19th October.
At the moment the trendline has been broken by what I think is a normal retracement, we can see it thanks to a trendline too.
The retracement toutched the SMA(200) in the 4H chart and the EMA(25) in the 1D day chart.
These are strong dynamic supports, I think that the price wont go bellow them and this means that the price is ready to broke the trendline.
Targets for this trade are 2:
- Resistance 1 at 1.32653;
- Resistance 2 at 1.33373.
To get in I will wait for confirmation in lower timeframes.
For any question or suggestion, comment below.
Thanks for reading.
أغلقت الصفقة: تم الوصول للهدف
TP1 reached!
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.