USDCAD, Due for an ABC Correction?
Price completed the 5th wave in the EW setup and is onto forming an ABC correction.
Price had also presented a head and shoulder which works as an additional confirmation for the potential downside movement with respect to the analysis
Previous support is looking to be broken out with a relatively strong bearish momentum, which would turn to current resistance once a retest confirmation is formed, and would open up a trading range to go short towards next key support.
Price had also presented a head and shoulder which works as an additional confirmation for the potential downside movement with respect to the analysis
Previous support is looking to be broken out with a relatively strong bearish momentum, which would turn to current resistance once a retest confirmation is formed, and would open up a trading range to go short towards next key support.
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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.