USDCAD - Trade Breakdown
Leading on from the breakdown earlier in the week on USDCAD I mentioned that i was going to look for the Short trades to the Januarys 2020 Low.
As we can see we have a nice retracement to the fib level as expected.
We need to keep a close eye on price action in the zone. If we see a clear swing low and high to from, along with a break in market structure we can look to pull the trigger.
As we can see we have a nice retracement to the fib level as expected.
We need to keep a close eye on price action in the zone. If we see a clear swing low and high to from, along with a break in market structure we can look to pull the trigger.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.