so based on usd/cad creating Higher highs & higher lows coming near my daily trend line I see it testing the trend line in the 1.26770 price zone. if it does test the trend line I see it breaking the buyers market structure creating lower lows and lower highs gaining downward momentum to the 1.25550 price zone. once it is in the 1.25550 price zone we will see...
so based on usd/cad creating higher highs and higher lows coming towards my daily trend line in the 1.26770 price zone I potentially see it testing the trend line & bouncing off breaking the buyers market structure creating lower lows and lowers highs to the 1.25550 price zone. where if it does go to that price we will see what prices continues to do in that price...
so based on doing some technical analysis on eur/usd. last week E/U rejected a major resistance area in the 1.25000 zone, creating a double top and downtrend momentum. I simply placed a trend line and it currently looks like it is respecting the trend line in the 1.24100 area and may reject from breaking the trend line so being it will be continue with a downward...