Usdcad - simple structure !
Simple methods of S&R trading.
1] Resistance was seen at 1.3410-20 area
2] Price then broke to the upside which turned to be fake breakout
3] Price broke down with increased momentum
4] Retest of this zone will provide resistance in future
1] Resistance was seen at 1.3410-20 area
2] Price then broke to the upside which turned to be fake breakout
3] Price broke down with increased momentum
4] Retest of this zone will provide resistance in future
Note
well that went straight to my target... didnt got opportunity to enter this market thou my bias was right.
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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.