This chart will help understand the relevance of trend lines and parallel lines in understanding and trading trends of any trade-able instrument.
As per this channel the lower range for Gold is 1485-1490, if it is taken - the gold prices will fall like nine pins.
Let us see how it works in next few days.
Usdcad Setup Educational Breakdown :-
USDCAD 4HR Frame : -
USDCAD Currently sitting on Strong Support Area But Not Break It . Break For the Break Of That Strong Support Area (The Blue Box i Draw On Chart)
For More Confirmation We Will Wait For The Price to Retest The support level , It may pullback to The small Black Box area after break the support and...
