USD/CAD Technical AnalysisUSD/CAD eases from 2-week tops. But This pair still struggling around 1.3420, below is support line 1.3390 and then to the March 13 and 15 high near 1.3370.
Weakness below the 1.3400 mark could get easily extended towards the 1.3370-65 intermediate support en-route the 1.3335-30 region.
Also we are expecting Dxy to go short. But wait for further confirmation during from begining of ny session. Good luck!! Enjoy the lovely weather Londoners ...)
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Sell-signals
USD/CHF - POTENTIAL SELL OPPORTUNITY - WAITING FOR CONFIRMATION SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart Time frame - 4 Hourly
Timeframe - 1 week
Actions on -
A – Activating Event
Currency Pair creating a Double Top
B – Beliefs
Market will be rejected at @1.009 level and move towards the Target 1 level @ 0.9963
Will only enter if market has been rejected by the @1.009 level. If not the trade will not be executed
FX:USDCHF
Trade Management
Entered @ Still waiting for confirmation
Stop Loss @ 0.115
Target @0.9963
Risk/Reward @ 1:5