Chart of The Day $USDCAD 12-06-2016

On the USDCAD daily chart we can see that the pair is reaching support 1.3200-1.3250 zone in a broadening wedge. Bounce from here could lead to an upside test of 1.3450 level. Invalidation of  medium term uptrend only on a break of 1.3100 level lower. 

Happy trading! (click on the chart to enlarge it)

 

usdcad trend following strategy

Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy and allows you to make position Risk Free. If you want to learn all about it and become a professional Trader, sign up now and become a member here 

Regular plans

End of the year sale up to 50% off on three months and one year membership!

End of the year sale

How to determine a trend webinar recording+one month premium membership!

Educational webinar + One month membership

Scroll to Top
×