USDCAD / H4 / Daily Forex Technical Analysis / 7.23.2019

Hello Traders, welcome to the Daily Forex technical analysis. Today is July 23rd, 2019 and we will be taking a look at the U.S. Dollar against the Canadian Dollar. Looking at the 4 hour time frame we are looking for price action to reach the 1.31 key resistance area for a loss in momentum and possibly an opportunity to find a profitable short. Entry for a Short position near the 1.31623 area, with a Stop Loss near the 1.32073 zone, with a target profit level area of 1.30697 could ensure a profitable trade with a 2.06 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!

Komentarz:

Target profit level area is 1.30697 not 1.31554 sorry! For the green dialog box on display!