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Intraday forecastUS Dollar / Canadian Dollar technical chart
SymbolUSDCAD
Release TimeMayıs 5, 2021 - 20:38
Advisesell (limit) below R1=1.2325
Intraday
Short term
Yesterday range77
Yesterday high1.2351
Yesterday low1.2274
Yesterday close1.2305
R31.241
R21.234
R11.2325
S11.2255
S21.223
S31.22
Trade setup

As we forecast Düşüş trend for this day, so Forecast City suggests sell (limit) below R1=1.2325.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.2255.
TP4: S2=1.223.
Set the stoploss of these orders at breakout of R2=1.234.

Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.234.
In this situation, there is an expectation to reach the target R3=1.241.
Set the stoploss of reverse orders at breakout of R1=1.2325.

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