USDCAD make money with buy trade
Last week the price managed to break through the support line (1.307).
After which she again returned to its limits.
Then the price began to grow, but eventually rolled back, fixing on the line.
This is a strong line that has existed since 2007. During this time, it has already reversed the price more than once (more often, it stopped its fall).
Breakdown of the line, return to it, growth and pullback - can be perceived as a very strong consolidation on the line. This indicates a good position for growth.
I expect the price to start rising. And this is a good time to buy.
SL - below the support line at 1.289
TP - along the resistance line 1.338.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
After which she again returned to its limits.
Then the price began to grow, but eventually rolled back, fixing on the line.
This is a strong line that has existed since 2007. During this time, it has already reversed the price more than once (more often, it stopped its fall).
Breakdown of the line, return to it, growth and pullback - can be perceived as a very strong consolidation on the line. This indicates a good position for growth.
I expect the price to start rising. And this is a good time to buy.
SL - below the support line at 1.289
TP - along the resistance line 1.338.
-----------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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