USDCAD Time for Reversal -TP 190 PIPS!!
Hello Traders! Happy New Year!!
Thank you for taking the time to read my ideas, please share your thoughts by leaving a comment. I appreciate the time you all put in to post your ideas, as I read them on a daily basis it helps grow my knowledge for the love of trading. I hope this New Year brings you lots of happiness, joy, love, health, and of course profits. Happy Trading.
From my previous post of USDCAD, we expected a leg downward to support level of 1.7240 which my target was hit. This support level has been tested multiple times in the past which bulls always pushed back which I expect the same to occur this time. RSI is in the reversal territory, fundamentals were positive this week, vaccine distribution gives hope for economic recovery, and the price is extended past the lower boundary of the Bollinger Bands which could give us a big reversal.
Target 1.2930 190 PIPS
Good Luck Traders!
If you have a different analysis, please share! Lets manage this trade together!
Don't forget to click the LIKE button and FOLLOW me to see more ideas! I appreciate all the advice/support!
USDCAD
Thank you for taking the time to read my ideas, please share your thoughts by leaving a comment. I appreciate the time you all put in to post your ideas, as I read them on a daily basis it helps grow my knowledge for the love of trading. I hope this New Year brings you lots of happiness, joy, love, health, and of course profits. Happy Trading.
From my previous post of USDCAD, we expected a leg downward to support level of 1.7240 which my target was hit. This support level has been tested multiple times in the past which bulls always pushed back which I expect the same to occur this time. RSI is in the reversal territory, fundamentals were positive this week, vaccine distribution gives hope for economic recovery, and the price is extended past the lower boundary of the Bollinger Bands which could give us a big reversal.
Target 1.2930 190 PIPS
Good Luck Traders!
If you have a different analysis, please share! Lets manage this trade together!
Don't forget to click the LIKE button and FOLLOW me to see more ideas! I appreciate all the advice/support!
USDCAD
