daily fib retracement zone ,market is trending down after gets rejection from the zone
Price has broken off a rising wedge and formed a bear continuation flag to go short
USDCAD has given us a beautiful retracement to the downside and this has given a great opportunity to take a long in this pair. This region holds strong support(Weekly and Monthly) at prices that are supposed to bounce from here to the region of 1.38900 approx. So, we can take a long position here :) FOLLOW US FOR MORE!!!
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.3525). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDCAD is in a range bound and the Resumption of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
market is near previous structure lower high
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.3485). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDCAD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.3355). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDCAD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.3555). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDCAD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...