USDCAD AROUND A STRONG RESISTANCE ZONE!
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
USD/CAD BEARISH REVERSAL FORMED!
As we can see price is still around a strong resistance zone from Daily time frame, where we will be looking for new bearish movement.
However, price is still overall bullish from a short-term perspective,
And for the bears to kick in we need a break below the marked major swing low, then a movement lower would be expected.
1-2 Risk to reward ratio, from risk management perspective.
Until that price is still overall bullish and price can still trade higher, till the upper bound of the channel shown from Daily time frame.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
USD/CAD BEARISH REVERSAL FORMED!
As we can see price is still around a strong resistance zone from Daily time frame, where we will be looking for new bearish movement.
However, price is still overall bullish from a short-term perspective,
And for the bears to kick in we need a break below the marked major swing low, then a movement lower would be expected.
1-2 Risk to reward ratio, from risk management perspective.
Until that price is still overall bullish and price can still trade higher, till the upper bound of the channel shown from Daily time frame.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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