USD/CAD Long-Term Trend: Bullish
Key Resistance Levels: 1.27534, 1.27855, 1.280000.
Key Support Levels: 1.27162, 1.26962, 1.26810.
1-Hr Time Frame:
The price on the higher time frame succeeded to break the bearish trend line to the upside after the bears were trapped below the support around the 1.27165 CAD level. This shows that the buyers took control of the market and might push it upward all the way up toward the next key resistance levels.
USD/CAD Medium-Term Trend: Bullish
10-Mins Time Frame:
On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a double bottom formation. A lower correction could be seen to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.
Buy Market Order @ 1.27214
Target Profit 1 @ 1.27534
Target Profit 2 @ 1.27855
Stop Loss @ 1.26893
Trade Safely 🙂