USDCAD made its new low at 1.3009. If you have heard the term from Tom Dante Swing failure pattern, the low 1.3009 is exactly a SFP.
I admit I did chase price a little bit to have entered at 1.3089. I was looking at it 2 hrs ago and got distracted . Forgot to further analysing this pairs, then when I look already moving with great momentum!
Target 1.3146
I admit I did chase price a little bit to have entered at 1.3089. I was looking at it 2 hrs ago and got distracted . Forgot to further analysing this pairs, then when I look already moving with great momentum!
Target 1.3146
Trade active
possible uptrend channel establish?
Note
Previous High made at 1.31990, whilst hitting the downard trendline produce from bigger timeframe.
Therefore further weakening is more in favour.
If resistance continue to hold below 1.3144,
possible to short from there.
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.
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.