UsdCad analysis 10.05.2023
-Usdcad has created support at 1.33637 with a nice bullish candle printing.
-I would have preffered to see a Big shadow which closes above 1.34065 as a good bullish confirm but that is not the case today.
-For this reason i will be using trade stops instead. My sentiments are open as i will be placing a buy stop at 1.34100 as price will have broken above the range aiming 1.35400.
-On the other hand a break of the support at 1.33660 is a good bearish confirm for me.
-I would have preffered to see a Big shadow which closes above 1.34065 as a good bullish confirm but that is not the case today.
-For this reason i will be using trade stops instead. My sentiments are open as i will be placing a buy stop at 1.34100 as price will have broken above the range aiming 1.35400.
-On the other hand a break of the support at 1.33660 is a good bearish confirm for me.
Note
Good trade indeed
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.