The USDCAD chart shows a clear bearish breakdown from the ascending channel. Price has broken below support near 1.3720, confirming a shift in structure.
Key Analysis:
Bearish Momentum: Break below the channel and current market structure signals downside pressure.
Immediate Resistance: 1.3725–1.3745 zone (yellow area) where price previously rejected.
Support Levels:
1.3639 / 1.3638: Short-term support — possible temporary bounce area.
1.3560: Main target — previous demand zone.
Trade Idea:
Sell below 1.3720
TP1: 1.3639
TP2: 1.3560
SL: Above 1.3750 (above resistance zone)
Summary:
Bias remains bearish as long as the price stays below 1.3725–1.3750 resistance zone. Confirmation of further downside expected on break below 1.3638.
Let me know if you want this as a signal format or turned into an image.
Key Analysis:
Bearish Momentum: Break below the channel and current market structure signals downside pressure.
Immediate Resistance: 1.3725–1.3745 zone (yellow area) where price previously rejected.
Support Levels:
1.3639 / 1.3638: Short-term support — possible temporary bounce area.
1.3560: Main target — previous demand zone.
Trade Idea:
Sell below 1.3720
TP1: 1.3639
TP2: 1.3560
SL: Above 1.3750 (above resistance zone)
Summary:
Bias remains bearish as long as the price stays below 1.3725–1.3750 resistance zone. Confirmation of further downside expected on break below 1.3638.
Let me know if you want this as a signal format or turned into an image.
Trade active
Good analysis seems guys my 1st target completed and further market reached near to my final target.
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Gold Signal's with proper TP & SL for high profit.
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/docter_Pips_official05
Gold Signal's with proper TP & SL for high profit.
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.
📲 Join telegram channel free ..
t.me/docter_Pips_official05
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/docter_Pips_official05
Gold Signal's with proper TP & SL for high profit.
t.me/docter_Pips_official05
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/docter_Pips_official05
Gold Signal's with proper TP & SL for high profit.
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.