USDCAD, Two Possible Setups for LONG or SHORT
So I did publish an Analysis to the USDCAD a couple of days ago.
It was based on Trendlines, Levels of SUP and RES, SMA 50/100/200 + some Fib Retracements.
This is my previous Publication:
LONG POSITION
I think it could still be valid and a solid foundation to form a LONG Position, but Price actually formed some
sort of Double Top (Level 1.34629) on the 4H Chart, which could also indicate a move in the opposite direction.
New Publication
SHORT POSITION
I quickly drew the Double Top (Its a bit too early to 100% confirm) and some Levels of SUP/RES.
So now we got two Potential Setups for a LONG or SHORT Position. Let`s wait if one of them plays out!
If that's the case I will update with potential Entries, SL and TP Options.
It was based on Trendlines, Levels of SUP and RES, SMA 50/100/200 + some Fib Retracements.
This is my previous Publication:
LONG POSITION
I think it could still be valid and a solid foundation to form a LONG Position, but Price actually formed some
sort of Double Top (Level 1.34629) on the 4H Chart, which could also indicate a move in the opposite direction.
New Publication
SHORT POSITION
I quickly drew the Double Top (Its a bit too early to 100% confirm) and some Levels of SUP/RES.
So now we got two Potential Setups for a LONG or SHORT Position. Let`s wait if one of them plays out!
If that's the case I will update with potential Entries, SL and TP Options.
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