Trade Recommendation: USDCAD | Hacked: Hacking Finance
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Analysis

Trade Recommendation: USDCAD

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Trade Recommendation: USDCAD

Introduction

This article was posted on Wednesday, 15:26, UTC.

The support zone formed by 1.21500 and 1.20000 support levels can be a starting point for a correction movement. A bearish divergence gives a trend reversal signal. MACD histogram confirms upward movement. RSI confirms price reversal from 1.21500 level and do it in the oversold zone. We have buy opportunity. Pending orders can be placed at 1.22250 level with stop orders below 1.20000 support level. The main profit target is 1.25000 level and other part of long trades can be closed at 1.27000 level. If the market drops below 1.20000 level, buy orders must be deleted. Don’t risk more than 3% from your deposit in this trade.

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Market: USDCAD
Buy: 1.22250
Stop: 1.19800
Profit Targets: 1.25000 and 1.27000

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Dmitriy Lavrov

Dmitriy Lavrov

Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.

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