Our Preference: Buy Above 1.2750 for the target of 1.2900 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- UsdCad was trading in the triangle pattern, after tesing the lower trend line on the triangle its bounce backing to uptrend and we got closing above the 38% Fibonacci retracement level so we can except on buying side and we can buy near lower trend line and except upto next key resistance levels of upper trend line :- which we have shown in attached image.
In Daily Chart :- UsdCad was trading in the triangle pattern, after tesing the lower trend line on the triangle its bounce backing to uptrend and we got closing above the 38% Fibonacci retracement level so we can except on buying side and we can buy near lower trend line and except upto next key resistance levels of upper trend line :- which we have shown in attached image.
| PIPS COUNTER - SINCE JANUARY 2013 | ||
| Total Trades | Total Pips | |
| EUR / USD | 1135 | 10130 |
| GBP / USD | 1054 | 10550 |
| USD / CHF | 907 | 8945 |
| EUR / JPY | 818 | 10435 |
| XAU / USD | 1156 | 207955 |
| TOTAL: 248015 | ||
We are here to help you
