"USDCAD: two possible scenarios" by ThinkingAntsOk
Daily Chart Explanation:
- Price was on an Ascending Channel since September '17 and broke it.
- Price is, now, facing the Weekly Ascending Trendline.
- From here, two possible scenarios:
* Long View: a Pullback to the Ascending Channel before going down.
* Short View: if price breaks the Weekly Ascending Trendline, potential to move down towards the Support Zones at 1.2858 and 1.2308.
Check out our Weekly Vision!
Weekly Vision:
Updates coming soon!
- Price was on an Ascending Channel since September '17 and broke it.
- Price is, now, facing the Weekly Ascending Trendline.
- From here, two possible scenarios:
* Long View: a Pullback to the Ascending Channel before going down.
* Short View: if price breaks the Weekly Ascending Trendline, potential to move down towards the Support Zones at 1.2858 and 1.2308.
Check out our Weekly Vision!
Weekly Vision:
Updates coming soon!
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.