Long Position Aggregating - 45min Interval - USDCAD

Hello Fellow Traders,

The current pair (USDCAD) appears to be forming a viable setup for a long (bullish) position within the next few days (2 - 3). Be considerate of the RSI readings, as there a correction may be prevalent prior to the setup.

Resistance Level 2 - (1.34515 - 1.34545) 30 pip interval

Resistance Level 1 - (1.33740 - 1.33765) 25 pip interval

Blue Horizontal Line (KPZ) - (1.33525 - 1.33555) 30 pip interval

Support Level 1 - (1.32955 - 1.32980) 25 pip interval

Not Investment Advice. For Educational and Analytical Purposes Only. (Be Aware and Stick To Your Trading Plan)***

-LionGate

Yorum:

Infiltrated Resistance Level 1 - (A Correction is Imminent, or Further Consolidation Prior to Aggregating a Long Potential). Be Diligent of Market PA and Enter Cautiously.

-LionGate

Yorum:

Rejected at Resistance Level 1 - Reconsider Analysis and acknowledge long term direction