#USDCAD: Two Selling Zones, Both Has Equal Potential
✴️ The USDCAD currency pair has exhibited range-bound behaviour primarily influenced by the strength of the Canadian dollar. Despite the US Dollar Index (DXY) surpassing the 100 mark, USDCAD has remained within a trading range of 1.3484 to 1.3753. We anticipate a potential decline in the DXY towards the 95 level as global conditions are expected to stabilise. Currently USDCAD is trading at 1.3685 encountering resistance at this level.
✴️ We project a potential brief upward movement to clear buy-side liquidity before a subsequent downward trend. While initiating a short position at the current price presents elevated risk it could yield significant returns if a downward movement materialises from this point. We have identified two potential take-profit targets contingent on individual risk management strategies. A second entry point offers a more conservative approach particularly if the price clears the aforementioned buy-side liquidity. This second entry includes a defined entry point and stop-loss level.
✴️ Furthermore, an de-escalation or normalisation of the geopolitical tensions between Iran and the US could negatively impact the USD.
🥇First Selling Entry
• Sell Entry Range: 1.36824 - 1.3750
• Stop Loss: 1.3850
• 1st Take Profit: 1.33936
• 2nd Take Profit: 1.30827
🥈Second Selling Entry
• Sell Entry: 1.39279
• Stop Loss: 1.4157
• 1st Take Profit: 1.33936
• 2nd Take Profit: 1.30827
🔺We encourage you to provide feedback and engage with our analysis.
Team Setupsfx❤️🧠
✴️ We project a potential brief upward movement to clear buy-side liquidity before a subsequent downward trend. While initiating a short position at the current price presents elevated risk it could yield significant returns if a downward movement materialises from this point. We have identified two potential take-profit targets contingent on individual risk management strategies. A second entry point offers a more conservative approach particularly if the price clears the aforementioned buy-side liquidity. This second entry includes a defined entry point and stop-loss level.
✴️ Furthermore, an de-escalation or normalisation of the geopolitical tensions between Iran and the US could negatively impact the USD.
🥇First Selling Entry
• Sell Entry Range: 1.36824 - 1.3750
• Stop Loss: 1.3850
• 1st Take Profit: 1.33936
• 2nd Take Profit: 1.30827
🥈Second Selling Entry
• Sell Entry: 1.39279
• Stop Loss: 1.4157
• 1st Take Profit: 1.33936
• 2nd Take Profit: 1.30827
🔺We encourage you to provide feedback and engage with our analysis.
Team Setupsfx❤️🧠
تم فتح الصفقة
205+ Pips Our Second Selling Entry Is active and dropping smoothly. تم إغلاق الصفقة يدويًا
355+ pips close the trade manually! Please refer to our latest chart analysis for further information
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
Looking for intraday signals on Forex and XAUUSD (GOLD)? Use Bot The Below!
telegram.me/SwingTradersUK_BOT
FOR FREE GROUP: t.me/swingtradersuk56
telegram.me/SwingTradersUK_BOT
FOR FREE GROUP: t.me/swingtradersuk56
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.