USDCAD 30min Analysis February 23rd, 2021
Price is currently consolidating at our key weekly level and strong demand zone.
Trade Scenario 1: Bullish - For us to go long we want to see price break above our weekly level and 1.2630. We will then wait for a retrace and for 1.2630 to act as support. We will enter on strong bullish setups off this level, first targeting 1.2660.
Trade Scenario 2: Bearish - For us to go short we want to see price break below our weekly level. We will then wait for a retest and for our weekly to act as resistance. We will enter on strong bearish setups, first targeting 1.2580.
Trade Scenario 1: Bullish - For us to go long we want to see price break above our weekly level and 1.2630. We will then wait for a retrace and for 1.2630 to act as support. We will enter on strong bullish setups off this level, first targeting 1.2660.
Trade Scenario 2: Bearish - For us to go short we want to see price break below our weekly level. We will then wait for a retest and for our weekly to act as resistance. We will enter on strong bearish setups, first targeting 1.2580.
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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.