USD/CAD prediction 21 march 2020
Hi,
after taking a lot of bullish trades on usd/cad I am looking for sell positions.
We saw a trend reversal at an old resistance zone from 2016. At that time the currency was at the exact same situation as it now is.
The momentum looks bearish also because it broke the trend line to the upside. The purple lines are targets where you can close parts of your positions to lock in profits.
The s/l I will place at swing highs to prepare for an unexpected bullish trend reversal.
Be carful with trading with the sensitive market!
Let me know what you think of the idea
Have a good day.
after taking a lot of bullish trades on usd/cad I am looking for sell positions.
We saw a trend reversal at an old resistance zone from 2016. At that time the currency was at the exact same situation as it now is.
The momentum looks bearish also because it broke the trend line to the upside. The purple lines are targets where you can close parts of your positions to lock in profits.
The s/l I will place at swing highs to prepare for an unexpected bullish trend reversal.
Be carful with trading with the sensitive market!
Let me know what you think of the idea
Have a good day.
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.