USDCAD – Buyers on the way higher

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USDCAD – Buyers on the way higher

Trend: Strong Buy

Support/Resistance:
R2: 1.33841
R1: 1.33289
S1: 1.33041
S2: 1.32566

Price action:
At the moment USDCAD is very bullish from USD momentum and CAD zero momentum. To follow this trade, buyers have to break first resistance level and then price can hit our first potencial target at 1.33841 resistance level.
On the other side, if price get denied from bullish idea, then sellers might test lower support levels.

Potencial trade idea:

Bulls targets:
T1: 1.33289
T2: 1.33841

Bears targets:
T1: 1.32566

NOTE – We are trading USDCAD via the preferred trading setups

Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.


Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education

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