it looks like USDCAD finally broke below the major rising trend line.
sellers show their willingness to push lower.
here are the next goals:
1.30 - 1.31 zone is the first support.
it is based on structure and 618 of the major bullish weekly leg.
1.28 - 1.29 zone is the second support.
it is purely based on structure.
it looks like the market will soon reach one of these supports so we keep being bearish biased here.
1.33 - 1.34 is the closest resistance cluster.
it is based on a broken trendline, horizontal structure and 50 of the major bullish impulse.
because our key levels are quite wide, trade them only with confirmation on a lower time frame.
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✅My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel: youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ Get 100% Deposit Bonus: bit.ly/bestforexgoldbroker
❗️YouTube Channel: youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ Get 100% Deposit Bonus: bit.ly/bestforexgoldbroker
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.