USDCAD Approaching Support, Prepare For A Bounce
Buy above 1.2561. Stop loss at 1.2458. Take profit at 1.2726.
Reason for the trading strategy (technically):
USDCAD is approaching its support area at 1.2561 (100% Fibonacci extension, 61.8% Fibonacci retracement, 78.6% Fibonacci extension, horizontal overlap support) where we expect to see a bounce, pushing price up to its resistance at 1.2726 (100% Fibonacci extension, 38.2% Fibonacci retracement, 23.6% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 0.9% where we expect to see a corresponding bounce.
Reason for the trading strategy (technically):
USDCAD is approaching its support area at 1.2561 (100% Fibonacci extension, 61.8% Fibonacci retracement, 78.6% Fibonacci extension, horizontal overlap support) where we expect to see a bounce, pushing price up to its resistance at 1.2726 (100% Fibonacci extension, 38.2% Fibonacci retracement, 23.6% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 0.9% where we expect to see a corresponding bounce.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.