Thursday, May 10, 2018

Usdcad pending sell around 1.2910 Technical Analysis

Forex Price Action Supply and demand Analysis Price has managed to breach the crucial demand level 1.2810. We can see retest with compression on h4 time frames,but I am somewhat sure that target is not yet reached.
We should watch & wait a retest of the level 1.2915.
Take a look at the chart of USD/CAD below.

So, Trade entry would go this way.
Usd/cad pending sell stop around 1.2915
Stops @ 1.2936
Target 1st 1.2710
Second 1.2630
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Update of the Trade on 17th May 2018
Trade closed all the orders around 1.2740
+170
Note :-Weekend trading are not preferred

Loonie Chart for the reference

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