USDCAD: Time at mode downtrend signal update
We're close to the expiration date for the longer term signal but the last target hasn't been reached.
I expect to see a reversal from here, which judging by the crude oil chart, will come in a day or two.
Looking to go long, watching for the perfect entry. We need patience, because RgMov is still pointing down, and we have new lows every 5 bars still, so trend is still down, technically.
The minimum target for a long position would be a retest of the previous mode from where the downtrend launched.
Good luck!
Ivan.
I expect to see a reversal from here, which judging by the crude oil chart, will come in a day or two.
Looking to go long, watching for the perfect entry. We need patience, because RgMov is still pointing down, and we have new lows every 5 bars still, so trend is still down, technically.
The minimum target for a long position would be a retest of the previous mode from where the downtrend launched.
Good luck!
Ivan.
Trade closed: target reached
Time expired, price surged. Perfection.
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🔒Want to dive deeper? Check out my paid services below🔒
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Related publications
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.