đUSD/CAD Ready For A Breakout
đLooking at the strength with which the USD/CAD took off upwards today.
đI get the impression that there is a good chance that this is just the beginning of a new upward wave on this pair.
đLooking at the 1D interval (lower right corner) We can see that we have approached the vicinity of a strong resistance zone determined by the 0.618 level of the entire downward wave. Where the price has repeatedly struggled to break upwards.
đLooking at price action and the technical environment. It looks like today's movements are not a coincidence and are aimed at breaking through the strong resistance that held the price for a month.
đThe scenario I'm playing out is a continuation of the upside with the breakthrough of the resistance zone. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
đIf you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.đ
đLooking at the strength with which the USD/CAD took off upwards today.
đI get the impression that there is a good chance that this is just the beginning of a new upward wave on this pair.
đLooking at the 1D interval (lower right corner) We can see that we have approached the vicinity of a strong resistance zone determined by the 0.618 level of the entire downward wave. Where the price has repeatedly struggled to break upwards.
đLooking at price action and the technical environment. It looks like today's movements are not a coincidence and are aimed at breaking through the strong resistance that held the price for a month.
đThe scenario I'm playing out is a continuation of the upside with the breakthrough of the resistance zone. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
đIf you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.đ
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đđđđđđđđđđđđđđđđđđđđđđđđđđđ
đČ To keep up to date with all my activities I invite you to visit my Telegram đČ
đČ t.me/Investmatez đČ
đđđđđđđđđđđđđđđđđđđđđđđđđđđ
đČ To keep up to date with all my activities I invite you to visit my Telegram đČ
đČ t.me/Investmatez đČ
đđđđđđđđđđđđđđđđđđđđđđđđđđđ
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von RatschlÀgen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.