USDCAD: SHORT TO LONG BETTER?
Hello Traders;
Here's my view on what I hope to see happen on the chart of USD/CAD.
We see Price has been forming a strong BEARISH trend. PRICE bounced off the RESISTANCE ZONE(LH) since it found resistance crossing above that zone. This will cause us to see PRICE crash down to the LOW ZONE.
A BREAKOUT below the LOW ZONE, we get a LL which makes the analysis still valid.
NOTE: I SEE INVERSE HEAD AND SHOULDER PATTERN WHICH COULD STILL GIVE SOME HOPE FOR THE BULLS LATER.
If you find this helpful, support with a like and follow to keep getting daily updates.
Thanks.
Here's my view on what I hope to see happen on the chart of USD/CAD.
We see Price has been forming a strong BEARISH trend. PRICE bounced off the RESISTANCE ZONE(LH) since it found resistance crossing above that zone. This will cause us to see PRICE crash down to the LOW ZONE.
A BREAKOUT below the LOW ZONE, we get a LL which makes the analysis still valid.
NOTE: I SEE INVERSE HEAD AND SHOULDER PATTERN WHICH COULD STILL GIVE SOME HOPE FOR THE BULLS LATER.
If you find this helpful, support with a like and follow to keep getting daily updates.
Thanks.
Related publications
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.
Related publications
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.