USDCAD Short - and a outlook
USDCAD has just made a shooting star candle, to - hopefully end the uptrend. As I have marked with arrows, the last 6 uptrends (uptrends market with green trendlines), has ended with either a shooting star, or a doji.
Then why should it not end a uptrend like that now? Priceaction has also retested the trendline, which we broke a while ago.
My targets will be at 1.300 or at the 618 retracement from the last uptrend.
Good weekend everyone!
Then why should it not end a uptrend like that now? Priceaction has also retested the trendline, which we broke a while ago.
My targets will be at 1.300 or at the 618 retracement from the last uptrend.
Good weekend everyone!
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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.