USDCAD / H1 / Daily Forex Technical Analysis / 8.21.2019

Hello Traders, welcome to the Daily Forex technical analysis. Today is August 21st, 2019 and we will be taking a look at the U.S. Dollar against the Canadian Dollar. Looking at the 1 hour time frame we are looking for price action to hold at this current 1.328 support and resistance area. If price action can hold this support area we will be looking for an entry long with optimal conditions. Entry for a Long position near the 1.32861 area, with a Stop Loss near the 1.32705 zone, and a profit target level area of 1.33362 to possibly ensure a profitable trade with a 3.21 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!