Hello,
I see that oportunity on USD/CAD.
On technical analysis we have a double ton already formed and just to test the neck line, as you see on the chart, using fibbs, we can see where is the testing zone.
It could help us also the crude oil and the next period of demand of oil and as you know, If U.S. and not only demand rises, manufacturers will need to order more oil to keep up with demand, this can lead to a rise in oil prices, which might lead to a fall in USD/CAD.
Wait for the testing the zone, after that put your TP at 1.39733, there are a lot of pips, a huge R/R, the SL at 1.40870 .
Entry at 1.40443
TP at 1.39733
SL at 1.40870
Have a great week !
I see that oportunity on USD/CAD.
On technical analysis we have a double ton already formed and just to test the neck line, as you see on the chart, using fibbs, we can see where is the testing zone.
It could help us also the crude oil and the next period of demand of oil and as you know, If U.S. and not only demand rises, manufacturers will need to order more oil to keep up with demand, this can lead to a rise in oil prices, which might lead to a fall in USD/CAD.
Wait for the testing the zone, after that put your TP at 1.39733, there are a lot of pips, a huge R/R, the SL at 1.40870 .
Entry at 1.40443
TP at 1.39733
SL at 1.40870
Have a great week !