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USD/CAD Potential Upward Movement

USD/CAD Long-Term Trend: Bullish

Key Resistance Levels: 1.3385, 1.3452, 1.3498

Key Support Levels: 1.3249, 1.3204, 1.3064

Daily Chart:

The price on the higher time frame has been in an uptrend for quite some time and recently it has shown good momentum. The price has broken the level of 1.3079 and sustained above that. It has also broken a minor level of 1.3204 which shows a bullish bias.

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 shown a good bullish move and has broken a resistance level of 1.3204 and sustained above that. It has now also broken and retested a minor level of 1.3249 before continuing the momentum. 

Signal Idea:

Buy Limit Order @ 1.3310

TP 1 @ 1.3376

TP 2 @ 1.3442

Stop Loss @ 1.3244

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. My trade was lost on 1.32200. Placed a new one. lukely it is on a demo account.

  2. currently on buy stop… hope it goes well. thanks!

  3. Thanks guys just found you guys will be seeing a lot of me hehe. Thanks for the signal ):

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