The UsdCad is in an uptrend as it is making higher high and higher low.
1.2850 – 1.3000 key resistance area was broken in mid of June and price has been trading above the key resistance since then, which has turned into support now.
I will be looking for a Long, ideally when the price touches the support level.
Stay tuned!
** This is not a Buy/Sell recommendation **
** Please do your own due diligence **
1.2850 – 1.3000 key resistance area was broken in mid of June and price has been trading above the key resistance since then, which has turned into support now.
I will be looking for a Long, ideally when the price touches the support level.
Stay tuned!
** This is not a Buy/Sell recommendation **
** Please do your own due diligence **
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The UsdCad is so strong that it surged higher without touching the support levels.
I will be giving this bullish engulfing candle a miss because I would prefer a rejection that comes from value area (support area).
I will be giving this bullish engulfing candle a miss because I would prefer a rejection that comes from value area (support area).