USDCAD: will continue to fall in trend?
The price has been maintaining the downtrend since May last year - that is, for almost a year. The guides of this trend are two lines: support and resistance, which were formed during the same period. For the last month, the price has been moving exactly between these lines (it has made at least 5 touches). And now it is at the resistance line 1.261. We can expect that the price will further fall to the support zone 1.241.
SL - 1.271.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
SL - 1.271.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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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.