Originally Posted by
yulbang111
bearish trend seems to be taking place on the USDCAD pair and that’s according to the green color shown by the Bollinger Bands indicator determining by that the main market direction. A sell signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal.
This pair can continue bearish trend, now current price at 1.3312 and strong resistent at level 1.3334 in hourly time frame. there is possible chance price will move to up side. then next low price is 1.3261
resistent level 1 - 1.3442
resistent level 2 - 1.3405
resistent level 3 - 1.3371
pivot point - 1.3334
support level 1 - 1.3300
support level 2 - 1.3263
support level 3 - 1.3229
I suggest to entry SELL with stoploss at 1.3347 and take profit at 1.3262
use higher timeframe is very important because it always helps you to enter in the direction of current trend . using multiple time frame analysis will gives you a clearer view of the market and increases chance to making profit
I hope you can earn consistent profit from my signal, good luck and doing trade like a boss