USDCAD - Correction or Bull Breakout?
20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
Dear Friends:
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How I see it:
Strong engulfing 1D candle closed within the confluence zone.
Price could wiggle around trying to correct downwards.
Or just breakout through confluence and test now resistance as a new support.
Both SMA's is slowly rising.
Keynote!
For fundamental/political reasons, I strongly believe a bullish continuation is a high probability.
I deeply appreciate you taking the time to study my analysis and point of view.
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
Dear Friends:
If you find my analysis helpful, please boost and follow me for future analysis at your service.
How I see it:
Strong engulfing 1D candle closed within the confluence zone.
Price could wiggle around trying to correct downwards.
Or just breakout through confluence and test now resistance as a new support.
Both SMA's is slowly rising.
Keynote!
For fundamental/political reasons, I strongly believe a bullish continuation is a high probability.
I deeply appreciate you taking the time to study my analysis and point of view.
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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.