📈USDCAD has been moving within a clear ascending channel, maintaining a well-defined bullish structure over the past months.
After rejecting the upper bound, price is now pulling back toward a key confluence area, the intersection of the orange support zone and the lower trendline of the channel.
🏹This zone is crucial, as it has acted as a strong demand area in the past, where buyers consistently regained control. From here, I’ll be looking for long setups, aiming for a continuation toward the upper bound of the channel once more.
⚔️As long as the price holds above the orange zone, the overall bullish momentum remains intact.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📊All Strategies Are Good; If Managed Properly!
~Richard Nasr
After rejecting the upper bound, price is now pulling back toward a key confluence area, the intersection of the orange support zone and the lower trendline of the channel.
🏹This zone is crucial, as it has acted as a strong demand area in the past, where buyers consistently regained control. From here, I’ll be looking for long setups, aiming for a continuation toward the upper bound of the channel once more.
⚔️As long as the price holds above the orange zone, the overall bullish momentum remains intact.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📊All Strategies Are Good; If Managed Properly!
~Richard Nasr
📊I help you turn charts into a career
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כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
📊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
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.