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*
İşlem kapandı: hedefe ulaştı
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.