USDCAD is fighting with 1.32000 level
Diupdate
USDCAD
The price is trading below the 1.32000 which is currently acting as a resistance for the bullish run. In one hour the price is also trading above the 50,100,200 exponential moving average is a clear sign of continuation of bull.
On volume profile the price is also above POC – Point of control. On Elliott wave pattern currently third wave is forming.
From sep low 1.2993& the uptrend trend line is holding this pair. At 1.31600 bullish engulfing candle is formed.
We can buy this pair at current level and the potential take profit will be 1.32700. SL may place below the trendline.
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Disclaimer
It’s not a financial advice. Do the analyze and take a decision.
The price is trading below the 1.32000 which is currently acting as a resistance for the bullish run. In one hour the price is also trading above the 50,100,200 exponential moving average is a clear sign of continuation of bull.
On volume profile the price is also above POC – Point of control. On Elliott wave pattern currently third wave is forming.
From sep low 1.2993& the uptrend trend line is holding this pair. At 1.31600 bullish engulfing candle is formed.
We can buy this pair at current level and the potential take profit will be 1.32700. SL may place below the trendline.
Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas
Disclaimer
It’s not a financial advice. Do the analyze and take a decision.
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