17 August, 2020 USDCAD Retest on Support after false breakout
USDCAD following the price rejection to move downward last week.USDCAD are doing a retest of the Support, expect market to move in to consolidation phase if the test is failed.
Buy with SL, TP are usually not 1 wave to the previous S/R, it's recommend to place TP base on Pivot or Fibo.
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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.