Friday, July 01, 2022

+2100 Points Reached in USD/CAD Buy Signal Successfully
1 mins well spent

Reason for Buying USD/CAD : 

USD/CAD is moving in a downtrend by forming Lower highs and Lower lows in H1 chart.

After Market breakout from the range, market starts to move up.

but on previous week friday, due to the increment of Canadian GDP rate from 0.2% to 0.6% which makes the CAD to become stronger.

This is the reason for USD/CAD to enter again into the range. but it fails to breakout the support zone 1.24

Market starts to move up from the support level and it breakout the top and fails to come inside into the range.

USDCAD reverse from the support zone forming higher highs higher lows

This is the reason for giving Buy Signal on USD/CAD.

Finally, market reached our Profit Target successfully.

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