USDCAD Oversold bounce incoming.
USDCAD is trading inside a Channel Up.
February's price action has so far been a strong rejection of the price near the Channel Up top with the price dropping even below the MA50 (1d).
This is very similar to the last Channel Up Top on October 13th 2022, which first dropped to the 0.5 Fibonacci level and then bounced to the 0.236.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.44750 (the 0.236 Fib).
Tips:
1. The RSI (4h) is almost oversold, which also favors buying. In fact it got rejected and currently is on the exact same levels it did in September - October 2022.
Please like, follow and comment!!
February's price action has so far been a strong rejection of the price near the Channel Up top with the price dropping even below the MA50 (1d).
This is very similar to the last Channel Up Top on October 13th 2022, which first dropped to the 0.5 Fibonacci level and then bounced to the 0.236.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.44750 (the 0.236 Fib).
Tips:
1. The RSI (4h) is almost oversold, which also favors buying. In fact it got rejected and currently is on the exact same levels it did in September - October 2022.
Please like, follow and comment!!
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Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.