Based on the chart we've shared for USD/CAD on the weekly timeframe, we can identify two target points (TPs) derived from the price action and technical breakdown shown:
🔍 Analysis Summary:
The price has broken below a long-term ascending trendline and horizontal support zone (around the 1.36–1.37 area).
The chart indicates a bearish breakdown with two projected downside targets.
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🎯 Target Points (TPs):
✅ TP1 (First Target Point)
Approximate Level: 1.3350
Rationale: This aligns with the first horizontal red line, possibly a strong previous support or a measured move level from the breakdown.
✅ TP2 (Second Target Point)
Approximate Level: 1.2450
Rationale: This is the second red line — likely based on a longer-term measured move, previous structure low, or Fibonacci projection from the head of the pattern.
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🛑 Suggested Risk Management:
Consider a stop loss above the broken support (~1.3800–1.3850) to manage risk.
Monitor key news from the U.S. and Canada, especially rate decisions or oil prices (as CAD is oil-correlated).
Would you like a risk-reward calculation for these TPs based on a sample entry point?
🔍 Analysis Summary:
The price has broken below a long-term ascending trendline and horizontal support zone (around the 1.36–1.37 area).
The chart indicates a bearish breakdown with two projected downside targets.
---
🎯 Target Points (TPs):
✅ TP1 (First Target Point)
Approximate Level: 1.3350
Rationale: This aligns with the first horizontal red line, possibly a strong previous support or a measured move level from the breakdown.
✅ TP2 (Second Target Point)
Approximate Level: 1.2450
Rationale: This is the second red line — likely based on a longer-term measured move, previous structure low, or Fibonacci projection from the head of the pattern.
---
🛑 Suggested Risk Management:
Consider a stop loss above the broken support (~1.3800–1.3850) to manage risk.
Monitor key news from the U.S. and Canada, especially rate decisions or oil prices (as CAD is oil-correlated).
Would you like a risk-reward calculation for these TPs based on a sample entry point?
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.