USDCAD: Close to Short Level
Hello Traders!
Today on my radar is
USDCAD As we see price is approaching the key resist level which will be the must watch level to go short. Currently price is moving in the wedge pattern and @1.3310 we might see the false breakout in order to test the wedge resistance and then fall down. As the price has tested this level many times, there is a probability of breakout and rally up and make new highs.
But here is the issue: The price is the 11 years high, and according to this 1 month consolidation phase, I assume price has lost the steam and its time to come down and set our targets @1.3204. If you are a swing trader you can adjust the targets according to your edge.
Avto_T
Green Luck
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Today on my radar is
USDCAD As we see price is approaching the key resist level which will be the must watch level to go short. Currently price is moving in the wedge pattern and @1.3310 we might see the false breakout in order to test the wedge resistance and then fall down. As the price has tested this level many times, there is a probability of breakout and rally up and make new highs. But here is the issue: The price is the 11 years high, and according to this 1 month consolidation phase, I assume price has lost the steam and its time to come down and set our targets @1.3204. If you are a swing trader you can adjust the targets according to your edge.
Avto_T
Green Luck
-----------------------------------------------------------------------
ATTENTION: Very soon, the best forex services will be available for you traders. Contests, bonuses, the so called “Big Deal” service, which you have never faced before and many more friendly and individual services. Please Click here for more information and reserve your seats my friends! Follow me and be the first to enter our world!
Pre Launch Survey
Fb Group
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