USDCAD correction to support zone/ Grow
A few days ago the price bounced off the support at 1.260.
This is a strong line formed in 2019.
Each touch (there were false breakouts) ended with a rise in price.
After touching the support, the price came to the support area of 1.272.
I pierced it, rolled back and fixed on the zone.
This zone has existed since December 2020.
There were breakouts, but more often the price corrected the movement in this zone.
After the price has corrected to the support zone of 1.272, I expect the growth to continue.
The price will come to resistance.
The target is 1.284.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
This is a strong line formed in 2019.
Each touch (there were false breakouts) ended with a rise in price.
After touching the support, the price came to the support area of 1.272.
I pierced it, rolled back and fixed on the zone.
This zone has existed since December 2020.
There were breakouts, but more often the price corrected the movement in this zone.
After the price has corrected to the support zone of 1.272, I expect the growth to continue.
The price will come to resistance.
The target is 1.284.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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🔻FREE Telegram channel🔻
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