Analysis on #USDCAD
The USDCAD is currently trading between trend line support and trend line resistance
The resistance being near 1.2900
The support being near 1.2600
Sell Setup
>> If the market test my trend line resistance level again near 1.2900 then I will see if the market formed a reversal pattern, before entering a selling trade with a good risk to reward if the entry rules are met.
Buy Setup
>> If the market test my trend line support level and key support zone near 1.2600 then I will wait for the market to turn bullish on the lower time frame looking for a reversal pattern, before entering a buying trade with a good risk to reward if the entry rules are met.
⚡we need to be extra careful, markets are not respecting technical analysis due to current world circumstances
________________________________________
Dear Traders, the best "T h a n k Y o u" will be your likes and comments!
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only*
The USDCAD is currently trading between trend line support and trend line resistance
The resistance being near 1.2900
The support being near 1.2600
Sell Setup
>> If the market test my trend line resistance level again near 1.2900 then I will see if the market formed a reversal pattern, before entering a selling trade with a good risk to reward if the entry rules are met.
Buy Setup
>> If the market test my trend line support level and key support zone near 1.2600 then I will wait for the market to turn bullish on the lower time frame looking for a reversal pattern, before entering a buying trade with a good risk to reward if the entry rules are met.
⚡we need to be extra careful, markets are not respecting technical analysis due to current world circumstances
________________________________________
Dear Traders, the best "T h a n k Y o u" will be your likes and comments!
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only*
거래청산: 타겟 닿음
관련 발행물
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.
관련 발행물
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.