USDCAD H4 | Bearish reversal
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.3422, which is an overlap resistance.
Our take profit will be at 1.3355, an overlap support that aligns with the 161.8% Fibo extension
The stop loss will be placed at 1.3497, a pullback resistance level.
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 187.35, which is an overlap resistance.
Our take profit will be at 186.13, a pullback support level.
The stop loss will be placed at 188.50, which is a swing-high resistance level."
Our take profit will be at 1.3355, an overlap support that aligns with the 161.8% Fibo extension
The stop loss will be placed at 1.3497, a pullback resistance level.
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 187.35, which is an overlap resistance.
Our take profit will be at 186.13, a pullback support level.
The stop loss will be placed at 188.50, which is a swing-high resistance level."
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.