USD/CAD: Potential 630 pips - Short with 13.6 R/R
Dear Traders all around the world
If you like my work feel free to leave a like and follow.
USD/CAD rejected 200-DMA + 200-DEMA along with the 0.618 Fib retracement, a previous swing-low and a Trendline from April 2018. Therefore I am anticipating a short position targetting for an old swing-low at 1.26600.
Want to see it dumping through POC at 1.31180 quickly otherwise this is nothing more than a bullish consolidation-expansion-retest-expansion structure. Current daily rejection formation definitely in our favour.
If you like my work feel free to leave a like and follow.
USD/CAD rejected 200-DMA + 200-DEMA along with the 0.618 Fib retracement, a previous swing-low and a Trendline from April 2018. Therefore I am anticipating a short position targetting for an old swing-low at 1.26600.
Want to see it dumping through POC at 1.31180 quickly otherwise this is nothing more than a bullish consolidation-expansion-retest-expansion structure. Current daily rejection formation definitely in our favour.
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.