USDCAD remains overall bullish, trading within a rising channel.
However, price is now approaching a key intersection between the upper trendline and a major resistance zone around 1.4000.
As price nears this confluence area, we’ll be looking for potential short opportunities, anticipating a possible rejection before any continuation higher.
The next support zone sits near 1.3750, where buyers might step back in if a pullback occurs.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
However, price is now approaching a key intersection between the upper trendline and a major resistance zone around 1.4000.
As price nears this confluence area, we’ll be looking for potential short opportunities, anticipating a possible rejection before any continuation higher.
The next support zone sits near 1.3750, where buyers might step back in if a pullback occurs.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
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📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.