USDCAD My Short Trade Planning
After created a huge Double Top at late 03/2020, USDCAD had since then been very obedient to this price pattern, went for a deep fall and eventually claimed its Low at 1.2000 area 15 months later.
Rebounded, and has now reached a High-Interest Area, of which in my opinion, with strong resistance it is the Supply Zone. Technically, the Critical Level to watch is the 1.2600.
Entertaining a Short with bearish signal at this Supply Zone is definitely not a bad idea, and scale in after a confirmed breakdown of FL1.2520 area.
Pay close attention to the Blue areas.
JMO.
Disclaimer: “Trade at your Own Risk”.
Rebounded, and has now reached a High-Interest Area, of which in my opinion, with strong resistance it is the Supply Zone. Technically, the Critical Level to watch is the 1.2600.
Entertaining a Short with bearish signal at this Supply Zone is definitely not a bad idea, and scale in after a confirmed breakdown of FL1.2520 area.
Pay close attention to the Blue areas.
JMO.
Disclaimer: “Trade at your Own Risk”.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.