Hello traders let' s see a very profitable and high propability short trade on USDCAD!
Let's see why a short trade is possible at these levels.
TECHNICAL OBSERVATIONS
1.Price after that relief rally to the upside is showing bearish behaviour with this inverted hammer which was created today.
2.Price is at critical level as at that same level we have the neck line of the Head and Shoulders pattern created and if zoom out this level is a very strong support/resistance level at the weekly and monthly chart.
3.If we drag the Fibonacci retracement we can see that the resistance area is coincides perfectly with the important 50% and 61.8% Fibonacci levels.
4.Buying volume is reducing as we are reaching this important level.
5.Longer term trend is bearish.
6.RSI indicator is near to neutral level despite the strong move up which shows lack of momentum.
POSSIBLE TRADE
ENTRY AT 1.2840
BUY STOP AT 1.29050
TARGET 1 AT 1.26650
TARGET 2 AT 1.25300
THANKS FOR SUPPORT!
KEEP FOLLOWING FOR MORE PROFITS!!
DON'T HESITATE TO LEAVE A COMMENT OR A QUESTION YOU MIGHT HAVE!!
Let's see why a short trade is possible at these levels.
TECHNICAL OBSERVATIONS
1.Price after that relief rally to the upside is showing bearish behaviour with this inverted hammer which was created today.
2.Price is at critical level as at that same level we have the neck line of the Head and Shoulders pattern created and if zoom out this level is a very strong support/resistance level at the weekly and monthly chart.
3.If we drag the Fibonacci retracement we can see that the resistance area is coincides perfectly with the important 50% and 61.8% Fibonacci levels.
4.Buying volume is reducing as we are reaching this important level.
5.Longer term trend is bearish.
6.RSI indicator is near to neutral level despite the strong move up which shows lack of momentum.
POSSIBLE TRADE
ENTRY AT 1.2840
BUY STOP AT 1.29050
TARGET 1 AT 1.26650
TARGET 2 AT 1.25300
THANKS FOR SUPPORT!
KEEP FOLLOWING FOR MORE PROFITS!!
DON'T HESITATE TO LEAVE A COMMENT OR A QUESTION YOU MIGHT HAVE!!
액티브 트레이드
거래청산: 스탑 닿음
노트
PRICE IN CRITICAL LEVEL!
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.
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.