POSSIBLE TREND CONTINUATION TRADE - USDCAD - 4 HOUR CHART
SEE PICS BELOW FOR FULL VIEW
DAILY CHART
- 1.31594 level has been tested as S/R multiple of times (looking left)
- price is an overall uptrend
- current price action is a short pullback to a key level
https://www.tradingview.com/x/m0klbRve/
4 HOUR CHART
- price in uptrend (confluence with daily chart)
- previous candle was a nice rejection candle
- 78.6 fib level supports the 1.31594 level matching perfectly
https://www.tradingview.com/x/QdCtMpFi/
TARGET
- looking for a retest or a break of the daily level (red line) 1.32530
DAILY CHART
- 1.31594 level has been tested as S/R multiple of times (looking left)
- price is an overall uptrend
- current price action is a short pullback to a key level
https://www.tradingview.com/x/m0klbRve/
4 HOUR CHART
- price in uptrend (confluence with daily chart)
- previous candle was a nice rejection candle
- 78.6 fib level supports the 1.31594 level matching perfectly
https://www.tradingview.com/x/QdCtMpFi/
TARGET
- looking for a retest or a break of the daily level (red line) 1.32530
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.