#USDCAD [Quarterly+Daily] Is this Ground Zero 2020?

9 thg 2, 2020

USDCAD

If you're long on the #USDCAD then you should check this out first.

The pair on Quarterly bases has reached ground zero where all attempts failed to break it on Q1 AND Q2 2019. However, This is the first touch on Q1 2020 and if you're long on this pair then you should think twice before holding your longs. The pair at the same time has reached a double Quarterly Supplies "Just the Proximal lines" this is around 1.33200. There is another close supply sitting above around 1.33500. The current level is a reversal one and the odds of potential continuation requires a significant catalyst to push it even higher and break all these obstacles. Therefore, a good R/R potential opportunity is currently in hand of about 30/40 pips SL.

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