Hi everyone!
In the past few weeks we have already traded
USDCAD pair on the first trendline re-test, but at the same time this technical element could still be useful to us. The big picture on daily chart is harmonic structure followed by corrective structure with ABC Pattern formation.
✔ At the moment, we remain below an important resistance (not shown on chart), but if there is a bullish breakout during the first hours of trading, another bullish consolidation should appear, pushing the price to retest the trendline around the 1.3389 area.
✔ From a technical point of view and following the pair on intraday chart, it could be interesting to take a long position on pullback or corrective structure that will appear.
During the next hours/sessions, we will publish new updates, even on minor time frame in the section below, or visit our Blog for a more detailed technical analysis. Trade with care.
Analysis by
Anonymous Banker Team
Like | Share | Comment
In the past few weeks we have already traded
USDCAD pair on the first trendline re-test, but at the same time this technical element could still be useful to us. The big picture on daily chart is harmonic structure followed by corrective structure with ABC Pattern formation.✔ At the moment, we remain below an important resistance (not shown on chart), but if there is a bullish breakout during the first hours of trading, another bullish consolidation should appear, pushing the price to retest the trendline around the 1.3389 area.
✔ From a technical point of view and following the pair on intraday chart, it could be interesting to take a long position on pullback or corrective structure that will appear.
During the next hours/sessions, we will publish new updates, even on minor time frame in the section below, or visit our Blog for a more detailed technical analysis. Trade with care.
Analysis by
Anonymous Banker Team
Like | Share | Comment
ملاحظة
ملاحظة
📊 Bullish above the support area:ملاحظة
📈 Daily and Intraday resistance:ملاحظة
🔔 Intraday resistance:ملاحظة
🔔 Daily resistance:ملاحظة
...pullback in short term?أغلقت الصفقة: تم الوصول للهدف
✅ Daily Chart:ملاحظة
ملاحظة
💡 New Idea | Updates Daily Chart Analysis:
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💡 Trend is still bullish.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.