ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor USD/CAD Long-Term Trend: Bearish
Key Resistance Levels: 1.2813, 1.2866, 1.2899
Key Support Levels: 1.2730, 1.2703, 1.2659
Daily Chart:
The price on the higher time frame has recently reversed the direction after facing a rejection from the 1.3080 level. There are a few big rejection wicks seen and it has broken a support level of 1.2949 and 1.2839 which indicates a bearish bias.
USD/CAD Medium-Term Trend: Bearish
1-Hour Chart:
On the lower time frame, the pair is moving in the major trend’s direction. The pricec started the bearish move after facing a rejection from the 1.2899 area and broke the support level of 1.2866. It has now broken and retested a minor support level of 1.2813
Signal Idea:
Sell Stop Order @ 1.2780
TP 1 @ 1.2736
TP 2 @ 1.2670
Stop Loss @ 1.2824
Trade Safely 🙂
