USDCAD Kumo Twist Break
This pair have travelling in a relatively shallow upward trending channel.
It is a range that spans 6-8 ATR with price failing to break out of this channel for nearly a year.
The USD had made a high of 1.3080 against the Loonie and price is now retracing.
The Kumo Cloud has switched from bullish to bearish repeatedly , with an inclination mirroring the channel direction.
When price breaks, it does so closest to the zone of least support or resistance.
That is , where the Kumo is the thinnest. If you look back , it repeatedly does so.
Watch for price to follow along the present SSA line and head towards the Kumo Twist.
A successful break here, may test the channel low.
It is a range that spans 6-8 ATR with price failing to break out of this channel for nearly a year.
The USD had made a high of 1.3080 against the Loonie and price is now retracing.
The Kumo Cloud has switched from bullish to bearish repeatedly , with an inclination mirroring the channel direction.
When price breaks, it does so closest to the zone of least support or resistance.
That is , where the Kumo is the thinnest. If you look back , it repeatedly does so.
Watch for price to follow along the present SSA line and head towards the Kumo Twist.
A successful break here, may test the channel low.
Nota
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.
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.