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USDCAD: two options for price developmentThe price has been moving in a downtrend since summer 2020. During this time, it was able to break through the historically level 1.302. And now it is at the resistance 1.262. Now you need to wait for the next price move, namely to see if it breaks the line or starts falling from it. Depending on this breakout, the price can: 1 - rise to the level 1.302. 2 - fall to support the trend 1.229. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
by UnknownUnicorn15614419
5
AUDCAD : two ways of price movementThere are two main ways of price movement, depending on whether it cuts through the resistance line - the trend line of the downtrend channel - or remains within the trend. In the first case, we are waiting for the breakdown of point 0.984, consolidation and growth to target 1 - 0.990 In the second case, we wait for a rebound from point 0.984 and fall to 0.971. We enter the market only after the trend is fixed! Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
by UnknownUnicorn15614419
1