USDCAD Update. Downtrend is strong. Can he go lower?
Updated
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
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.