Position buy
Usdcad analysis in 1H timeframe
The Canadian dollar between the two resistance areas (1.2809-1.2821) and
The support area (1.2677-1.2656) is fluctuating.
We have returned to these areas every time we encounter them.
In the last wave, we had bullish candlesticks, among which there is no descending candlestick, which shows the power of buyers.
When it hit the resistance area, it did not return much, which again indicates a desire to climb.
Position: Buy
Price: 1.2831
TP: 1.2914
SL: 1.2790
R.R: 1.97
The Canadian dollar between the two resistance areas (1.2809-1.2821) and
The support area (1.2677-1.2656) is fluctuating.
We have returned to these areas every time we encounter them.
In the last wave, we had bullish candlesticks, among which there is no descending candlestick, which shows the power of buyers.
When it hit the resistance area, it did not return much, which again indicates a desire to climb.
Position: Buy
Price: 1.2831
TP: 1.2914
SL: 1.2790
R.R: 1.97
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