Hello Traders,
In this Analysis you can see that the USDCAD price on the 30-minute chart, there is a possibility for a BUY position.
What do i see?
- Crossing of the SSL Channel
- Price above the 9MA line indicator
- RSI showing long signal (Crossing)
- Resistance and potential consolidation level on the Daily chart.
What we look for:
long positions above 1.2585 with targets at 1.2640 & 1.2660 in extension.
If trend will change:
below 1.2585 look for further downside with 1.2570 & 1.2555 as targets.
My entry details:
- Entry Level: 1.2616
- Take Profit level: 1.2640
- Take Profit level 2: 1.2660
- Stop Loss level: 1.2585
- Risk: 1% of balance
*This Analysis is for educational purposes only and is not financial advise.
In this Analysis you can see that the USDCAD price on the 30-minute chart, there is a possibility for a BUY position.
What do i see?
- Crossing of the SSL Channel
- Price above the 9MA line indicator
- RSI showing long signal (Crossing)
- Resistance and potential consolidation level on the Daily chart.
What we look for:
long positions above 1.2585 with targets at 1.2640 & 1.2660 in extension.
If trend will change:
below 1.2585 look for further downside with 1.2570 & 1.2555 as targets.
My entry details:
- Entry Level: 1.2616
- Take Profit level: 1.2640
- Take Profit level 2: 1.2660
- Stop Loss level: 1.2585
- Risk: 1% of balance
*This Analysis is for educational purposes only and is not financial advise.
