CAD Correction
As this month's candle completes it is highly likely to form a hanging man which is a bearish signal.
I have done a wave count from the most recent bottom and would appreciate anyone's thoughts on my labelling. I believe if we reach the 1.3350 area soon it would be a good entry point for a short position as we enter a potential corrective phase.
I have used 1.3350 area as a resistance line as this was an area of strong support in the nineties.
I have done a wave count from the most recent bottom and would appreciate anyone's thoughts on my labelling. I believe if we reach the 1.3350 area soon it would be a good entry point for a short position as we enter a potential corrective phase.
I have used 1.3350 area as a resistance line as this was an area of strong support in the nineties.
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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.