USDCAD has been in a bullish trend for half of month
continues make HL
Now price is testing the previous supply zone
If the price effectively breaks through the resistance zone,
When resistance turns into support (if there is no enough bull momentum, it may backtest serval times)
and clear bullish signals appear in this zone,
can try to do long order
entry, TP, SL are given on chart
PS: 12/2 non-farm payrolls may affect the trend, be aware of the volatility
All are personal opinions, not investment advice
continues make HL
Now price is testing the previous supply zone
If the price effectively breaks through the resistance zone,
When resistance turns into support (if there is no enough bull momentum, it may backtest serval times)
and clear bullish signals appear in this zone,
can try to do long order
entry, TP, SL are given on chart
PS: 12/2 non-farm payrolls may affect the trend, be aware of the volatility
All are personal opinions, not investment advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.