USDCAD 1hour Analysis December 10th, 2020
Price is respecting the range between 1.2825 and 1.2775.
Trade Scenario 1: Bearish - We are looking for price to break 1.2770 with conviction and then wait for a retest of these levels. Enter on bearish engulfinig/variation
Trade Scenario 2: Bullish - If we continue to respect this range watch for bullish engulfing here at 1.278. We can drop down time frames and play a break and retest around the weekly level at 1.28. Enter on continued bullish momentum.
Trade Scenario 1: Bearish - We are looking for price to break 1.2770 with conviction and then wait for a retest of these levels. Enter on bearish engulfinig/variation
Trade Scenario 2: Bullish - If we continue to respect this range watch for bullish engulfing here at 1.278. We can drop down time frames and play a break and retest around the weekly level at 1.28. Enter on continued bullish momentum.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.