usd cad long possibility
EMA 200/50
SMA 8
SMA 8 is well above both EMA 200 and EMA 50 lines
candlesticks are above the SMA 8 line
the horizontal lines are resistance levels. 1D is green, 4H is orange and 15M is red.
the week ended with the candle closing above the 1D support level
stoch RSI indicator cross at the bottom as well
Bollinger Band indicates a possibile restest to the 4H support level before moving further up
Ill be looking to place a BUY order at the 4H support line
SMA 8
SMA 8 is well above both EMA 200 and EMA 50 lines
candlesticks are above the SMA 8 line
the horizontal lines are resistance levels. 1D is green, 4H is orange and 15M is red.
the week ended with the candle closing above the 1D support level
stoch RSI indicator cross at the bottom as well
Bollinger Band indicates a possibile restest to the 4H support level before moving further up
Ill be looking to place a BUY order at the 4H support line
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