USDCAD (DAILY) PRICE ACTION ANALYSIS
USDCAD short analysis,
Continued ranging market in the long run,
a bounce off major critical level resulting in downward momentum,
price action playing its part as a major influencer in the execution of this position,
correction towards the shaded blue is TARGET 1 (130 PIPS).
Price action at this point will confirm movement to the downside further or if it will result in a pattern formation.
Continued ranging market in the long run,
a bounce off major critical level resulting in downward momentum,
price action playing its part as a major influencer in the execution of this position,
correction towards the shaded blue is TARGET 1 (130 PIPS).
Price action at this point will confirm movement to the downside further or if it will result in a pattern formation.
Trade active
Awaiting reversal with risk reward still in place.Note
Perfect analysis with targets hit to the very point.
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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.
Related publications
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.