Usd/Cad Mapping the Territory w/c26 / 22.06.15
Context:
after the broken support of 24000 price attempted to rally off the demandline , but price
got rejected at the former mean of the range at 26000 which is a sign of weakness,
however the selling pressure isnt powerfull at the moment so there is still chance that price
attempts another rally , but this time it also has to takeout the supplyline... in order to speak of
strenght returning. if we break the demandline for good we will see a retest of the 50% mark at 17000
Signs of strength:
uptrend
Signs Of weakness:
broken support
rejection of the mean
Support:
21500
20000
17000
Resistance:
24000
26000
28000
invezted.com
after the broken support of 24000 price attempted to rally off the demandline , but price
got rejected at the former mean of the range at 26000 which is a sign of weakness,
however the selling pressure isnt powerfull at the moment so there is still chance that price
attempts another rally , but this time it also has to takeout the supplyline... in order to speak of
strenght returning. if we break the demandline for good we will see a retest of the 50% mark at 17000
Signs of strength:
uptrend
Signs Of weakness:
broken support
rejection of the mean
Support:
21500
20000
17000
Resistance:
24000
26000
28000
invezted.com
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.