📈USDCAD has been moving within a clear ascending channel, maintaining a well-defined bullish structure over the past months.
After rejecting the upper bound, price is now pulling back toward a key confluence area, the intersection of the orange support zone and the lower trendline of the channel.
🏹This zone is crucial, as it has acted as a strong demand area in the past, where buyers consistently regained control. From here, I’ll be looking for long setups, aiming for a continuation toward the upper bound of the channel once more.
⚔️As long as the price holds above the orange zone, the overall bullish momentum remains intact.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📊All Strategies Are Good; If Managed Properly!
~Richard Nasr
After rejecting the upper bound, price is now pulling back toward a key confluence area, the intersection of the orange support zone and the lower trendline of the channel.
🏹This zone is crucial, as it has acted as a strong demand area in the past, where buyers consistently regained control. From here, I’ll be looking for long setups, aiming for a continuation toward the upper bound of the channel once more.
⚔️As long as the price holds above the orange zone, the overall bullish momentum remains intact.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📊All Strategies Are Good; If Managed Properly!
~Richard Nasr
📊I help you turn charts into a career
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t.me/thesignalyst
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Trusted CFD Broker
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Trusted Crypto Prop Firm
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.