USD/CAD: The weekly probability is bullish as there is an up

Tian Kriek

Analyst


February 21, 2020 03:35 AM

BEARISH

Daily Trading Range:
USD/CAD: The weekly probability is bullish as there is an up ABCD swing and the counter trend line has been broken. I cannot buy just yet as the daily probability is not Bullish. I need to wait for a retracement inside the new up AB Boundary on the daily to the support area of 1.3220-1.3200 before I can buy. Get this chart and analysis for free. Copy and Paste the following link in your browser: https://smarttrader.com/charts/tkriek/tk-aod-workspaces-21-feb/

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 1.3270
Resistance 2: 1.3300
Resistance 1: 1.3450
Current Price 1.3251
Support 1: 1.3000
Support 2: 1.2800
Support 3: 1.2500

Two Hour Chart

Two Hour Chart
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