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USD/CAD Potential Upward Movement

USD/CAD Long-Term Trend: Bullish

Key Resistance Levels: 1.3044, 1.3098, 1.3143

Key Support Levels: 1.2947, 1.2887, 1.2823

Daily Chart:

The price on the higher time frame has been in a consolidation zone recently and it has found support at the 1.2725 level. The pair has bounced after testing the support zone and has broken the resistance level of 1.2904 with good momentum. 

USD/CAD Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. The price has been in an uptrend and it consolidated for some time recently. It has found support at the 1.2887 level. It has broken and retested another level of 1.2947 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 1.2977

TP 1 @ 1.3026

TP 2 @ 1.3124

Stop Loss @ 1.2928

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.

3 comments

  1. Are there any updates on this trade?

  2. Hi, I am Devliet Shinonge. I have been following Pat and his free signals is always on point. Thank you very much. when i have enough i will like to be in ViIP group for life time.

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