wait for buy and update, if resistance stays unbroken then its the final entry point!
USDCAD LOOKING LIKE BULLISH IN MARKET BUT O TOP THERE IS RESISTANCE AND RESISTANCE ZONE WHEN IT BREAK RESISTANCE ZONE IT MAY HAVE STRONG BULLISH MARKET .... BUT MAX CHANCES IS MAY MAY BE BEARISH. #VSGROUPS #VAMSHICHICHU #USDCAD
the trade is no longer valid, i'm removing my pending orders form it, i may found some another opportunity in usd/cad but till then its out of my trading list
The weekly is turning up against the 9/8/2017 lows at 1.2061. The daily and 4 hour right side is up with a bullish sequence against the 12/31/19 lows at 1.2946. While above 1.3850 where the hourly is turning up the pair can bounce to correct the cycle lower from the 3/19/20 highs before a turn lower to correct the cycle up from the 12/31/19 lows.
pic speaks a lot... but now only I have few words left.. here u go.... 1) a double top in 1W.. 2) 4hr a trend reversal is confirmed 3) 30 min a LH formed and started a fall.. hit 1st target. 4HR - target -- 1) 1.40082 (already hit the target.) 2) 1.39406 3) 1.38673 4) 1.38311 in WEEKLY...
if support stay unbroken then its the last update and enrty at same level, if broken support then wait for up date !
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.3987). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDCAD is in a down trend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. ....
Chart is shared only for the study purpose.
USD CAD BREAKOUT SELL CALL SET UP CALPIN FOREX
Now USDCAD formed Triangle pattern.. Chart will reach the Target as per Fib levels mentioned. Since this is higher time frame, 2-8 weeks time to reach the target.
caution NFP may affect movement but trend is bearish ,came out from a wedge