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USD/CAD Potential Upward Movement

USD/CAD Long-Term Trend: Bullish

Key Resistance Levels: 1.2738, 1.2800, 1.2897

Key Support Levels: 1.2614, 1.2567, 1.2449

Daily Time-frame:

The price on the higher time frame has been trading in a range for quite some time and it attempted to break to the downside but faced a rejection. We see the price bounced from the 1.2449 level and picked momentum. In today’s candle, the pair has succeeded in breaking the resistance level of 1.2658

USD/CAD Medium-Term Trend: Bullish

1-Hour Time-frame:

On the lower time frame, the price is moving in the major trend direction. The pair has been moving in a higher-high, higher-low formation and there was a small consolidation before the price broke to the upside and continued momentum.

Signal Idea:

Buy Limit Order @ 1.2650

TP 1 @ 1.2699

TP 2 @ 1.2748

Stop Loss @ 1.2601

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

4 comments

  1. Please post immediately on Telegram.

    We missed this signal by 6 plus pips before you posted it on your website!

    Thank you!

    • Hi Daniel,
      All the signals are posted immediately in the group after creating the post here and all the trades are either limit or stop orders that should be placed at exactly what is mentioned in the post.

      • Imani Franks BS, CPT

        I do not see the actual signal in the group. It’s just a link to this page.

        • Hello!
          Swing trade signals are posted on the website with analysis and other details and then the link to the page is posted in the group mainly during the London session. If you are new to the group, I would suggest to please go through previous posts to have a better understanding.
          Happy trading 🙂

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