Hi everyone!
In the past few weeks we have already traded
USDCAD pair on the first trendline re-test, but at the same time this technical element could still be useful to us. The big picture on daily chart is harmonic structure followed by corrective structure with ABC Pattern formation.
✔ At the moment, we remain below an important resistance (not shown on chart), but if there is a bullish breakout during the first hours of trading, another bullish consolidation should appear, pushing the price to retest the trendline around the 1.3389 area.
✔ From a technical point of view and following the pair on intraday chart, it could be interesting to take a long position on pullback or corrective structure that will appear.
During the next hours/sessions, we will publish new updates, even on minor time frame in the section below, or visit our Blog for a more detailed technical analysis. Trade with care.
Analysis by
Anonymous Banker Team
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In the past few weeks we have already traded
USDCAD pair on the first trendline re-test, but at the same time this technical element could still be useful to us. The big picture on daily chart is harmonic structure followed by corrective structure with ABC Pattern formation.✔ At the moment, we remain below an important resistance (not shown on chart), but if there is a bullish breakout during the first hours of trading, another bullish consolidation should appear, pushing the price to retest the trendline around the 1.3389 area.
✔ From a technical point of view and following the pair on intraday chart, it could be interesting to take a long position on pullback or corrective structure that will appear.
During the next hours/sessions, we will publish new updates, even on minor time frame in the section below, or visit our Blog for a more detailed technical analysis. Trade with care.
Analysis by
Anonymous Banker Team
Like | Share | Comment
Ghi chú
Ghi chú
📊 Bullish above the support area:Ghi chú
📈 Daily and Intraday resistance:Ghi chú
🔔 Intraday resistance:Ghi chú
🔔 Daily resistance:Ghi chú
...pullback in short term?Đóng lệnh: đạt mục tiêu
✅ Daily Chart:Ghi chú
Ghi chú
💡 New Idea | Updates Daily Chart Analysis:
Ghi chú
💡 Trend is still bullish.
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.