USD/CAD: loonie made a trap

USD/CAD: loonie made a trap

Recommendation:

SELL 1.3210

SL 1.3265

TP1 1.311 TP2 1.291 TP3 1.2805

On the daily chart, USD/CAD keeps fighting for 1.3055. If bulls win, the pair will likely go towards the lower border of the uptrend channel. On the contrary, if bears win, the pair will form a “Bat” pattern.

USDCAD1.png 

On H1, bulls are trying to trigger the “Shark” pattern. If USD/CAD reaches its 113%, it will be possible to distinguish the convergence area with the entry point for a sell trade.

XAUUSD2.png

Similar

Popular

EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera