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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theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.