Strifor || USDCAD-22/11/2023
Preferred direction: BUY
Comment: More medium-term trading idea. There are suggestions that the buyer here on a more global scale is accumulating a long position. For a potential long, we highlight two options for the development of events.
According to the first scenario, a higher priority for medium-term long is entry after a false downward movement at the level of 1.36545, where support is located. We are not setting the growth target high yet; we are limiting ourselves to the level of 1.37500, where it is more likely that there will be a pause, and then again a likely continuation of growth.
The second scenario involves buying from the specified support in a rebound format. A more risky and unlikely scenario for positive implementation.
Thank you for like and share your views!
Comment: More medium-term trading idea. There are suggestions that the buyer here on a more global scale is accumulating a long position. For a potential long, we highlight two options for the development of events.
According to the first scenario, a higher priority for medium-term long is entry after a false downward movement at the level of 1.36545, where support is located. We are not setting the growth target high yet; we are limiting ourselves to the level of 1.37500, where it is more likely that there will be a pause, and then again a likely continuation of growth.
The second scenario involves buying from the specified support in a rebound format. A more risky and unlikely scenario for positive implementation.
Thank you for like and share your views!
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