USDCAD: SHORT TO LONG BETTER?
Hello Traders;
Here's my view on what I hope to see happen on the chart of USD/CAD.
We see Price has been forming a strong BEARISH trend. PRICE bounced off the RESISTANCE ZONE(LH) since it found resistance crossing above that zone. This will cause us to see PRICE crash down to the LOW ZONE.
A BREAKOUT below the LOW ZONE, we get a LL which makes the analysis still valid.
NOTE: I SEE INVERSE HEAD AND SHOULDER PATTERN WHICH COULD STILL GIVE SOME HOPE FOR THE BULLS LATER.
If you find this helpful, support with a like and follow to keep getting daily updates.
Thanks.
Here's my view on what I hope to see happen on the chart of USD/CAD.
We see Price has been forming a strong BEARISH trend. PRICE bounced off the RESISTANCE ZONE(LH) since it found resistance crossing above that zone. This will cause us to see PRICE crash down to the LOW ZONE.
A BREAKOUT below the LOW ZONE, we get a LL which makes the analysis still valid.
NOTE: I SEE INVERSE HEAD AND SHOULDER PATTERN WHICH COULD STILL GIVE SOME HOPE FOR THE BULLS LATER.
If you find this helpful, support with a like and follow to keep getting daily updates.
Thanks.
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Pubblicazioni correlate
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.