USD/CAD BEARISH
1M
2 months ago a hanging man formed rejecting at the downwards facing EMA’s. Followed by last month’s strong bearish candle, which completed an evening star. We have broken past 1.25000 heading down to test 1.22000.
1W
EMA downwards facing. Last 3 weeks the 1.25000 has been tested and rejected. Major support line has been broken this week after testing this support last week.
1D
EMA again facing downwards, with the last 4 days price has rejected the EMA. Today’s close closed as a shooting star and closing below strong support which has now turned resistance, heading down to test the next support level.
4H
Price pushed up to test the key fib zone, which rejected this alongside the weekly level. CTL broken with a very strong close and EMA turning to the down side at the same time.
2 months ago a hanging man formed rejecting at the downwards facing EMA’s. Followed by last month’s strong bearish candle, which completed an evening star. We have broken past 1.25000 heading down to test 1.22000.
1W
EMA downwards facing. Last 3 weeks the 1.25000 has been tested and rejected. Major support line has been broken this week after testing this support last week.
1D
EMA again facing downwards, with the last 4 days price has rejected the EMA. Today’s close closed as a shooting star and closing below strong support which has now turned resistance, heading down to test the next support level.
4H
Price pushed up to test the key fib zone, which rejected this alongside the weekly level. CTL broken with a very strong close and EMA turning to the down side at the same time.
Dagangan ditutup: sasaran tercapai:
Target Reached
Stop loss moved to beyond break even.