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
📊I help you turn charts into a career
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Telegram
t.me/thesignalyst
Trusted Crypto Exchange
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Trusted CFD Broker
cutt.ly/TickmillReal
Pernyataan Penyangkalan
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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
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.