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.
Trade fermée: cible de profit atteinte
TP1 reached!
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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.