Right now, USDCAD(
USDCAD) is moving near a Potential Reversal Zone[(1.364 CAD-1.361 CAD)]. Also, we can see a positive Regular Divergence(+RD) between two consecutive valleys.
From an Elliott Wave perspective, it appears USDCAD has completed its five-wave downward sequence, and we might expect corrective upward waves.
I expect that USDCAD could rise at least to about 1.371 CAD, and if the bullish momentum is strong, we could even see a break of the resistance zone(1.375 CAD-1.371 CAD).
First Target: 1.371 CAD
Second Target: 1.373 CAD
Stop Loss(SL): 1.359 CAD(Worst)
Points may shift as the market evolves.
What’s your opinion on USDCAD? Do you think it can break the resistance zone or not?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌U.S. Dollar/Canadian Dollar Analysis (USDCAD), 4-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
USDCAD) is moving near a Potential Reversal Zone[(1.364 CAD-1.361 CAD)]. Also, we can see a positive Regular Divergence(+RD) between two consecutive valleys.From an Elliott Wave perspective, it appears USDCAD has completed its five-wave downward sequence, and we might expect corrective upward waves.
I expect that USDCAD could rise at least to about 1.371 CAD, and if the bullish momentum is strong, we could even see a break of the resistance zone(1.375 CAD-1.371 CAD).
First Target: 1.371 CAD
Second Target: 1.373 CAD
Stop Loss(SL): 1.359 CAD(Worst)
Points may shift as the market evolves.
What’s your opinion on USDCAD? Do you think it can break the resistance zone or not?
💡 Please respect each other's opinions and express agreement or disagreement politely.
📌U.S. Dollar/Canadian Dollar Analysis (USDCAD), 4-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
Trade ativo
Trade was activatedTrade fechado: stop atingido
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🚀 Up to 75% Trading Fee Rebates Across 20+ Exchanges:
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.