USDCAD Update. Downtrend is strong. Can he go lower?
Hello everyone!
Price hit my support line 1.38792 mentioned in the previous post yesterday.
Further SHORT scenario is this: Price break actual level, retest and we will wait for price rejection to open SHORT trades.
I will take into account divergences and candlestick patterns.
If you like my work support me with like or comment. I am looking forward to hear your thoughts about my chart
Thank you for reading!
Price hit my support line 1.38792 mentioned in the previous post yesterday.
Further SHORT scenario is this: Price break actual level, retest and we will wait for price rejection to open SHORT trades.
I will take into account divergences and candlestick patterns.
If you like my work support me with like or comment. I am looking forward to hear your thoughts about my chart
Thank you for reading!
Note
If you opened short trades with my first analysis you can take some good profit at this level.Next support Line is at 1.37422
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.
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.