usdcad
bullish trending market, current move is the retracement.
strong bearish momentum likely to continue after breaking through current 110.000 support. bearish pin bar at support indicates push-back but sellers still in control. target 109.500.
no strong fundamentals regarding either currency till mid-day tuesday.
strong bearish momentum likely to continue after breaking through current 110.000 support. bearish pin bar at support indicates push-back but sellers still in control. target 109.500.
no strong fundamentals regarding either currency till mid-day tuesday.
Note
enter now, set sl to previous low swing. first tp slightly above current low, possibility to scale second tp 109.600 if push bearish push is strong enough
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.