USDCAD Buy Opportunity

The price tried to break SMA100 2 times and a new attempt will be able to give us a good trend reversal signal. Every new swing low is higher than the previous one and it can be a good signal that the market is going to move upward. In order to catch this possible price movement, we can place pending orders for buy above the previous swing high at 1.25100 level with stop orders at 1.23900 level. Profit targets are 1.26500 and 1.29000 resistance levels.

Komentar:

The price broke the uptrend line. Pending orders for buy were not activated. We have to search for new trading opportunity.