Inside Bar on USD/CAD

Inside Bar on USD/CAD

At the moment, the corrective movement is being observed on USD/CAD after a significant drop since the end of August. The trading instrument has the potential for further recovery. A number of the classic patterns of the Price Action "Inside Bar" was formed on the 4-hour chart. We recommend you to pay attention to this situation.

If the price fixes above 1.23250, it is necessary to consider buying USD/CAD. The immediate goal for fixing profits is a round level of 1.24000. In the medium term, the USD/CAD currency pair may reach the level of 1.25000. Confirmations and entry points to the market should be looked for on lower timeframes.

by JustForex, 2017.09.19

We recommend you to have a look at the actual figures of technical analysis.

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.