USDCAD good time for buy
The price is moving in a long downtrend and recently managed to break through the support zone (but immediately rose again).
The zone is formed by two lines, one of which is very strong - 2019.
The second - July 2020, however, also corrected the price movement more than once.
After the breakdown of the support during the growth, the price rolled back to the line crossing again (good fixation).
I expect that after the breakout and consolidation, the price will start to rise.
This is a good time to open a buy trade.
SL - 1.291 (below the resistance zone in case of correction)
TP - 1.306 (in the area of the resistance line, to which the price will rise).
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The zone is formed by two lines, one of which is very strong - 2019.
The second - July 2020, however, also corrected the price movement more than once.
After the breakdown of the support during the growth, the price rolled back to the line crossing again (good fixation).
I expect that after the breakout and consolidation, the price will start to rise.
This is a good time to open a buy trade.
SL - 1.291 (below the resistance zone in case of correction)
TP - 1.306 (in the area of the resistance line, to which the price will rise).
-------------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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