The ascending channel of this currency pair on the daily chart is very reliable, so the ability to break the channel at 1.32364 is not far from the mind.
If this channel is broken at the above price level, we expect the price to fall in a downtrend to 1.22639.
on the following, The key levels in the downside trend are :
Target A (1.31171)
Target B (1.30629)
Target C (1.29707)
Target D (1.27887)
Target E (1.22639)
Given the long-term of this signal, we recommend using a low volume and change the profit margin to be considering the steps in the stack.
The Stop loss of this signal is recommended at 1.3396 and after reaching the first target, put the Stop loss margin on the entry point.
USDCAD
If this channel is broken at the above price level, we expect the price to fall in a downtrend to 1.22639.
on the following, The key levels in the downside trend are :
Target A (1.31171)
Target B (1.30629)
Target C (1.29707)
Target D (1.27887)
Target E (1.22639)
Given the long-term of this signal, we recommend using a low volume and change the profit margin to be considering the steps in the stack.
The Stop loss of this signal is recommended at 1.3396 and after reaching the first target, put the Stop loss margin on the entry point.
USDCAD