Today we're taking a look at the recent breakout with USD/CAD on the daily chart. You can clearly see price has been trading within an ascending channel since mid 2015, creating multiple levels of support and resistance.
Price has just broken out of this channel and closed below the trendline on Thursday/Friday, thus confirming a long-term shorting opportunity. We may encounter a retracement to the trendline before continuing the move lower!
I'll be looking for extra validation on the lower timeframes this week.
Price has just broken out of this channel and closed below the trendline on Thursday/Friday, thus confirming a long-term shorting opportunity. We may encounter a retracement to the trendline before continuing the move lower!
I'll be looking for extra validation on the lower timeframes this week.
注释
Price hit the 0.618 retracement and dropped 100+ pips! We're now in a crucial support zone, if you aren't already in on this move wait off on entries for now.
📈 Master the Art and Science of Trading: sixfigurecapital.com
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📈 Master the Art and Science of Trading: sixfigurecapital.com
相关出版物
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。