On the USDCAD daily chart, we can see that the pair is testing the strong upside resistance zone 1.3350-1-3400 and also the uptrend channel line. This zone needs to be broke to the upside for the continuation higher. Rejection from here will lead to a pullback into 1.3160 level for reversal lower.
Note: Look for the short trade entries with the stop loss above the 1.3400 level.
Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy and allows you to make position risk free. We are publishing daily and weekly analysis and 5-10 trade alerts per week directly on your mobile device via Private twitter feed and Private Telegram group! NOW! NEW! With some of our premium membership plans, you will have MT4 harmonic pattern recognition software and access to Premium formationseeker.com membership! Two Premium trading services for one price! Live trading consultations included with our Annual Premium membership plan.Â
Our service is with you for 4 years! Net profit in 2017 11.2% Net profit in 2018 YTD 19.80%! We are beating the algos!
JOIN US! REGULAR PLANS!Complete trading transformation program 2019! Last day for a registration on a sponsored discount fee!
ALL IN ONE
Sponsored by our recommended brokers LegacyFX. The best CRYPTO broker! Not suitable for US traders.