USDCAD is currently trading just below a key breakout zone at 1.36991, with strong demand holding the 1.36000 - 1.36800 range.
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🔶 Technical Analysis:
✅ Support Zone (Demand):
The 1.3600 - 1.3680 region has acted as a strong base for several weeks now, with repeated tests and rejections confirming institutional interest.
✅ Resistance to Watch:
1.36991 – immediate breakout level
1.39744 – mid-range target
1.42591 – major supply/TP2 area
🟣 Volume Profile & LuxAlgo S&D:
Visible range & LuxAlgo show accumulation in the current zone, signaling a possible bullish reversal. Volume is increasing at key levels.
📉 Recent downtrend may be exhausted, as price forms a base and shows signs of strength from buyers.
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🧠 Trade Idea:
🎯 Breakout Buy Setup:
Entry: Above 1.3700 (confirmation of breakout)
TP1: 1.3974
TP2: 1.4259
SL: Below 1.3640 (below demand zone)
📊 RR Ratio: ~1:2.5
---
⚠️ Watch This:
📅 Upcoming USD news (marked below chart) could act as a catalyst
💥 Breakout above 1.3700 with volume = potential strong bullish rally
---
📌 Summary:
USDCAD is consolidating in a high-demand area. A break above 1.3700 may trigger a bullish continuation targeting 1.3974 and possibly 1.4259. Patience and confirmation are key.
🚀 Are you watching this setup too? Drop your thoughts below!
#USDCAD #Forex #Breakout #LuxAlgo #SmartMoney #TradingView #PriceAction #4HSetup #ForexSignals
---
🔶 Technical Analysis:
✅ Support Zone (Demand):
The 1.3600 - 1.3680 region has acted as a strong base for several weeks now, with repeated tests and rejections confirming institutional interest.
✅ Resistance to Watch:
1.36991 – immediate breakout level
1.39744 – mid-range target
1.42591 – major supply/TP2 area
🟣 Volume Profile & LuxAlgo S&D:
Visible range & LuxAlgo show accumulation in the current zone, signaling a possible bullish reversal. Volume is increasing at key levels.
📉 Recent downtrend may be exhausted, as price forms a base and shows signs of strength from buyers.
---
🧠 Trade Idea:
🎯 Breakout Buy Setup:
Entry: Above 1.3700 (confirmation of breakout)
TP1: 1.3974
TP2: 1.4259
SL: Below 1.3640 (below demand zone)
📊 RR Ratio: ~1:2.5
---
⚠️ Watch This:
📅 Upcoming USD news (marked below chart) could act as a catalyst
💥 Breakout above 1.3700 with volume = potential strong bullish rally
---
📌 Summary:
USDCAD is consolidating in a high-demand area. A break above 1.3700 may trigger a bullish continuation targeting 1.3974 and possibly 1.4259. Patience and confirmation are key.
🚀 Are you watching this setup too? Drop your thoughts below!
#USDCAD #Forex #Breakout #LuxAlgo #SmartMoney #TradingView #PriceAction #4HSetup #ForexSignals
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Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
✅JOIN FREE FOREX AND CRYPTO SIGNALS :
t.me/frankfxforextrade
✅ EXNESS:frankfxx.com/exness
✅ ICMARKETS:frankfxx.com/icmarkets
✅ XM:frankfxx.com/xm
t.me/frankfxforextrade
✅ EXNESS:frankfxx.com/exness
✅ ICMARKETS:frankfxx.com/icmarkets
✅ XM:frankfxx.com/xm
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.