U.S. Dollar / Canadian DollarEducation
Sellers trending continuation
Trend: Strong Sell
Support/Resistance:
R2: 1.31866
R1: 1.31332
S1: 1.30866
S2: 1.30400
S3: 1.29758
Price action:
Buyers are in sellers trending zone. Few hours ago buyers showed some momentum which might scared others, but sellers quick after retraced for 100%. Sellers are enough strong to break support level at 1.30866. If we hold below, then sell position is open to us.
Potencial trade idea:
Bears targets:
T1: 1.30400
T2: 1.29758
NOTE – We are trading USDCAD via the preferred trading setups by EliteFxAcademy
Support/Resistance:
R2: 1.31866
R1: 1.31332
S1: 1.30866
S2: 1.30400
S3: 1.29758
Price action:
Buyers are in sellers trending zone. Few hours ago buyers showed some momentum which might scared others, but sellers quick after retraced for 100%. Sellers are enough strong to break support level at 1.30866. If we hold below, then sell position is open to us.
Potencial trade idea:
Bears targets:
T1: 1.30400
T2: 1.29758
NOTE – We are trading USDCAD via the preferred trading setups by EliteFxAcademy
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.