USDCAD analysis (1W time frame)
On the chart we can see that the price is in the middle of the range. We expect that the price will come back down and will retest the key support at the bottom of the range. It may take some time, but we believe that it will happen in 2024. It would be our entry for a long position.
From another hand, if the price pump and reach the top of the range , it may be a good place to enter short position.
In this case the stop loss should be put above the resistance.
2 possible scenarios are shown on the chart
Good luck
From another hand, if the price pump and reach the top of the range , it may be a good place to enter short position.
In this case the stop loss should be put above the resistance.
2 possible scenarios are shown on the chart
Good luck
💥 Free signals and ideas ➡ t.me/vfinvestment
