Usdcadsell
USDCAD fakeout play at 1.4151 level- Admittedly, I made a premature entry earlier this week as I expected price to hold below the 1.4151 level
- Current fakeout where price crossed above this level very briefly and then crossed below it is a good signal that we can expect further downside ahead
- Before making a short entry play, we'll need to eye the 1.4118 level as we could potentially see this pair enter a range
USDCAD 4 HOUR Cup & Handle (GOLDCUP) signalsCUP AND HANDLE (Goldcup) USDCAD 4 HOUR
ENTRY (SELL): 1.41507
SL: 1.41816
TP: 1.40924
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(WARNING⚠️)
I am not a professional trader. This is my personal opinion on the trade, and if you are to take action; it is at your own leisure, I am not legally liable for any money gained or lost.
-RoyalT
USDCAD potential SELLUSDCAD is currently in a major reversal zone that reversed back in January 2016. This gives me a very strong indication that this pair is going to be selling long term. I am expecting price to follow the bearish trend and to break through the support zone at 1.38504 to then retest and make it become a resistance zone; in that instant i am planning to sell long term up until the next support zone situated at price 1.33816 for around 460 pips.