1. Price Action:
• Uptrend Confirmation: The recent price action suggests an ongoing uptrend. Look for higher highs and higher lows on the daily chart.
• Key Levels: Identify significant swing highs and lows. These levels act as potential support and resistance. For USD/CAD, consider the following:
• Resistance: The area around 1.3700 is crucial. A breakout above this level could lead to further gains.
• Support: Pay attention to the support near 1.3686 (your specified stop loss).
2. Trendlines:
• Draw trendlines connecting relevant swing points. An ascending trendline can help confirm the uptrend.
• Observe how price interacts with the trendline. A bounce off the trendline could signal strength.
3. Support and Resistance Levels:
• Resistance: Above 1.3700, watch for potential resistance at 1.3800.
• Support: Alongside 1.3686, consider other historical support levels.
• Uptrend Confirmation: The recent price action suggests an ongoing uptrend. Look for higher highs and higher lows on the daily chart.
• Key Levels: Identify significant swing highs and lows. These levels act as potential support and resistance. For USD/CAD, consider the following:
• Resistance: The area around 1.3700 is crucial. A breakout above this level could lead to further gains.
• Support: Pay attention to the support near 1.3686 (your specified stop loss).
2. Trendlines:
• Draw trendlines connecting relevant swing points. An ascending trendline can help confirm the uptrend.
• Observe how price interacts with the trendline. A bounce off the trendline could signal strength.
3. Support and Resistance Levels:
• Resistance: Above 1.3700, watch for potential resistance at 1.3800.
• Support: Alongside 1.3686, consider other historical support levels.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.