USDCAD Pivot Point - Watch for breakout
Updated
Big USD and CAD news today and we are nearing a crucial area.
Down trend line is holding strong, indicating bear power.
Strong Daily support in place indicating possible retrace.
Wait to see whether price breaks above (buy signal) or below support (sell signal).
Regardless of which direction it breaks, we have a large opportunity to make profits. Will keep everyone updated.
Good luck!
Charles V
cvfxmanagement.com
Trading made Simple
Down trend line is holding strong, indicating bear power.
Strong Daily support in place indicating possible retrace.
Wait to see whether price breaks above (buy signal) or below support (sell signal).
Regardless of which direction it breaks, we have a large opportunity to make profits. Will keep everyone updated.
Good luck!
Charles V
cvfxmanagement.com
Trading made Simple
Note
Down Trend Line Broken
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