USDCAD 30min Analysis February 23rd, 2021
Price is currently consolidating at our key weekly level and strong demand zone.
Trade Scenario 1: Bullish - For us to go long we want to see price break above our weekly level and 1.2630. We will then wait for a retrace and for 1.2630 to act as support. We will enter on strong bullish setups off this level, first targeting 1.2660.
Trade Scenario 2: Bearish - For us to go short we want to see price break below our weekly level. We will then wait for a retest and for our weekly to act as resistance. We will enter on strong bearish setups, first targeting 1.2580.
Trade Scenario 1: Bullish - For us to go long we want to see price break above our weekly level and 1.2630. We will then wait for a retrace and for 1.2630 to act as support. We will enter on strong bullish setups off this level, first targeting 1.2660.
Trade Scenario 2: Bearish - For us to go short we want to see price break below our weekly level. We will then wait for a retest and for our weekly to act as resistance. We will enter on strong bearish setups, first targeting 1.2580.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.