USDCAD LONG SETUP
Today, after the 4th bounce on the daily trend line (red), we have seen a 70 pips retracement and the M.A's have just crossed down so i think it will keep going down.
If the price continue downside and touches the weekly ascending trend line (black), i think it could go up and try to reach at least the weekly supp at 1.32 as a short term goal. Buy limit order at 1.313, 67 pips take profit, 30 pips stop loss.
A long term goal could be the blue rectangle zone above the daily trendline.
If the price keeps going down after touching the black trendline, i think it will go to reach the last bounce in that trendline at 1.307 (blue)
If the price continue downside and touches the weekly ascending trend line (black), i think it could go up and try to reach at least the weekly supp at 1.32 as a short term goal. Buy limit order at 1.313, 67 pips take profit, 30 pips stop loss.
A long term goal could be the blue rectangle zone above the daily trendline.
If the price keeps going down after touching the black trendline, i think it will go to reach the last bounce in that trendline at 1.307 (blue)
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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.