USDCAD Reversal - Cheap Canadian Dollar In demand Zone
My Two Cents:
USDCAD Will be looking to retest the 1.36 Level one more time before Supply over powers demand
Weekly : Price Testing Cloud Zone - Rejected Once
Daily: Price is starting to retrace from a daily consecutive bullish trend
4H : Reversal in effect
1H : Double Top Is Clear
Now to confirm this sell, I will wait for a clear impulse down. Followed by a retracement of that impulse to form a ( Flag ) and then sell the Flag formation.
Stop : 1.36200
USDCAD Will be looking to retest the 1.36 Level one more time before Supply over powers demand
Weekly : Price Testing Cloud Zone - Rejected Once
Daily: Price is starting to retrace from a daily consecutive bullish trend
4H : Reversal in effect
1H : Double Top Is Clear
Now to confirm this sell, I will wait for a clear impulse down. Followed by a retracement of that impulse to form a ( Flag ) and then sell the Flag formation.
Stop : 1.36200
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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.
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.