forexTrdr USDCAD- BOUNCING OFF PREVIOUS HIGH AS TECHS LINE UP
Afternoon traders,
Liking this setup on US dollar versus Canadian dollar with a combination of technicals and support coming into play. Firstly RSI is holding in bullish territory just above 50 whilst in the bottom chart we have stochastics turning up from oversold levels. Adding to those technicals we have price action bouncing off of support and more importantly bouncing higher from the previous high point (black dashed line).
Looking for a move back up to high 135-136.
Follow us on tradingview under forexTrdr- its free to setup a profile and the charting tools and software is easier to use than Metatrader and most broker platforms.
Good luck trading
from the Team at forexTrdr
find us on instagram, twitter and Alexa flash briefings
Liking this setup on US dollar versus Canadian dollar with a combination of technicals and support coming into play. Firstly RSI is holding in bullish territory just above 50 whilst in the bottom chart we have stochastics turning up from oversold levels. Adding to those technicals we have price action bouncing off of support and more importantly bouncing higher from the previous high point (black dashed line).
Looking for a move back up to high 135-136.
Follow us on tradingview under forexTrdr- its free to setup a profile and the charting tools and software is easier to use than Metatrader and most broker platforms.
Good luck trading
from the Team at forexTrdr
find us on instagram, twitter and Alexa flash briefings
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