Hey Guys, Hope you have a nice trade yesterday.
Let me share another trade idea with you all. USD/CAD is consolidating below 1.3370 a strong resistance level. Further. the ascending triangle can lead to breakout on news.

Fundamentals:
USD: New Home Sales

Previous: 609K
Forecast: 601K

US New Home Sales are expected to come out missing expectations,so if sentiment falls, we can sell the USDCAD.

Technical Levels:

USDCAD
R3: 1.3435
R2: 1.3392
R1: 1.3365
Pivot Point: 1.3322
S1: 1.3279
S2: 1.3252
S3: 1.3209

Recommendation:
Good to Sell Below 1.3370
SL: 1.3395
TP: 1.3325

Scalp USDCAD

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.