Dollar A.S. / Dollar KanadaPembelian
USD/CAD Technical Analysis - Daily Timeframe
Hey traders, here’s the scoop on USD/CAD:
✅ Entry: We’re observing a consolidation pattern with price action forming a symmetrical triangle. The key levels to watch are the 21 EMA (yellow line at 1.36609) and the support/resistance levels marked by the white lines. A breakout from this triangle pattern could provide a good trading opportunity. Look for a daily close above the 21 EMA and the resistance level at 1.37153 for a buy signal. Heikin Ashi candles are smoothing out the noise, giving us a clearer picture of the trend.
❌ Stop Loss: To manage risk, place a stop loss just below the recent swing low or the support level at 1.36074, ensuring we are protected against a false breakout.
🎯 Target 1: The first profit target can be set near the resistance level at 1.37807, offering a reasonable risk-reward ratio.
🎯 Target 2: If the momentum continues, consider extending the take profit to the upper resistance at 1.38500, following the trend's strength and overall market sentiment.
Monitor price action closely near these critical levels for any signs of reversal, and as always, adjust your strategy based on real-time market conditions. Let’s catch these moves and trade smart! 📈
✅ Entry: We’re observing a consolidation pattern with price action forming a symmetrical triangle. The key levels to watch are the 21 EMA (yellow line at 1.36609) and the support/resistance levels marked by the white lines. A breakout from this triangle pattern could provide a good trading opportunity. Look for a daily close above the 21 EMA and the resistance level at 1.37153 for a buy signal. Heikin Ashi candles are smoothing out the noise, giving us a clearer picture of the trend.
❌ Stop Loss: To manage risk, place a stop loss just below the recent swing low or the support level at 1.36074, ensuring we are protected against a false breakout.
🎯 Target 1: The first profit target can be set near the resistance level at 1.37807, offering a reasonable risk-reward ratio.
🎯 Target 2: If the momentum continues, consider extending the take profit to the upper resistance at 1.38500, following the trend's strength and overall market sentiment.
Monitor price action closely near these critical levels for any signs of reversal, and as always, adjust your strategy based on real-time market conditions. Let’s catch these moves and trade smart! 📈
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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.