USDCAD RESISTANCE BREAKS
Pair: USDCAD
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, consolidation period, triple touch
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Key Takeaway: Loads of strength for USD at the moment and we have seen that this pair has been consolidating for some time. We have seen weakness of CAD also last week so we are looking for long entries of this pair. We want to see a break of this strong level of resistance and a re-test to make sure we are not faking out before entering long
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Level needed: need a close by 1.38360 (after restest)
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Trade: LONG
RISK:REWARD 1:4
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, consolidation period, triple touch
—————
Key Takeaway: Loads of strength for USD at the moment and we have seen that this pair has been consolidating for some time. We have seen weakness of CAD also last week so we are looking for long entries of this pair. We want to see a break of this strong level of resistance and a re-test to make sure we are not faking out before entering long
—————
Level needed: need a close by 1.38360 (after restest)
—————
Trade: LONG
RISK:REWARD 1:4
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
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