USDCAD - Broke the SUPPORT
Updated
Generally, the Direction is downtrending
Downtrend Side: The price made a decisive break below the 1.3550 level, confirming the continuation of the bearish corrective trend, and is now approaching the next anticipated target at 1.3447. Notably, a break below this level will likely exert further downward pressure, leading to additional losses, with the next negative target at 1.3368.
Uptrend Side: The price should reverse and stabilize above 1.3550 by the close of the 1D candle. A bullish trend is expected to begin, especially if it further stabilizes above 1.3611 and 1.3662.
Tendency Keys: 1.3550
Downtrend Side: The price made a decisive break below the 1.3550 level, confirming the continuation of the bearish corrective trend, and is now approaching the next anticipated target at 1.3447. Notably, a break below this level will likely exert further downward pressure, leading to additional losses, with the next negative target at 1.3368.
Uptrend Side: The price should reverse and stabilize above 1.3550 by the close of the 1D candle. A bullish trend is expected to begin, especially if it further stabilizes above 1.3611 and 1.3662.
Tendency Keys: 1.3550
Trade active
The USD/CAD pair has continued its downward movement, successfully running toward our anticipated target of 1.3446. We expect the negative pressure to persist, potentially breaking this level and targeting further declines toward the 1.3368 area.
However, it is important to note that a break above 1.3550 would halt the expected decline and likely lead to an upward reversal in price.
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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