Intraday Elliottwave Analysis: USDCAD, neutral in the range

Yue Wang LinoCapital

USDCAD traded in a tight range for several weeks.

Short term neutral bias.

Price needs to break 1.2972 or 1.2703 to provide clear directions.

Daily support Levels: 1.2878 1.2901 1.2908 1.2943 1.2957

Daily resistance Levels: 1.2851 1.2849 1.2841 1.2821 1.2808

Intraday Trade Idea:

①Buy Limit @ 1.2857 SL @ 1.2825 Take Profit @ 1.2901

①Sell Limit @ 1.2943 SL @ 1.2959 Take Profit @ 1.2927

Click on the image to enlarge

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Author

Yue Wang

LinoCapital

Master's Degree in Hepatobiliary Surgery. 

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