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Usdcadlong

USDCAD: Dollar prevails above all!USDCAD Intraday - We look to Buy at 1.3100 (stop at 1.3040) Previous resistance located at 1.3180. Further upside is expected although we prefer to set longs at our bespoke support levels at 1.3100, resulting in improved risk/reward. A move through 1.3180 will confirm the bullish momentum. Our profit targets will be 1.3220 and 1.3225 Resistance: 1.3180 / 1.3200 / 1.3225 Support: 1.3150 / 1.3100 / 1.3050 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Long
by VantageMarkets
1
20 reason for buy USDCADUpdate 28/08/2022 1 Structure 1/2: sideways to bullish 2 imbalances : Target marked correction filled 3 Current Move1/2 : impulse 4 Entry TF : weekly 4.1 ETF Structure: bullish 4.2 move : IMPULSE 5 Support Resistance price support : Imbalance filled OB Support retest 6 FIB: this time also in 61.8 support level 7 candle Pattern : Back to momentum 8 Chart Pattern: LH HH 9 Volume : Above 10 Momentum: sideways bullish 11 Volatility : middle support 12 strength: bullish 13 Sentiment : due to commodities weakness CAD is in under pressure 14 Final Summary: buy at the price 15Buy /Sell/Wait : buy 16 Entry: 1.3053 17 Sl: 1.2890 18 Tp: 1.3537 19 Risk to reward Ratio: 1.4 20 Excepted Duration : 45 days
Long
by Optimum369
3