A #short trade opportunity recently presented itself on the #dollarloonie (#USDCAD) #trading chart 📉.
This is indicated by the #bearish engulfing candlestick 🕯️ pattern on the 1.38706 horizontal resistance level.
This indicates a fakeout of the same level, with potential price move in the downward ⬇️ 👇 direction (#sell).
Sufficient downward momentum should see price dumping towards the 1.36000 psychological level and possibly testing the strength of the 1.35716 horizontal support level.
As always, please apply appropriate risk management: you might want to keep your eyes on the US Unemployment Claims figure due to be released at 13:30 (GMT+1).
Happy trading!
#majorpair
This is indicated by the #bearish engulfing candlestick 🕯️ pattern on the 1.38706 horizontal resistance level.
This indicates a fakeout of the same level, with potential price move in the downward ⬇️ 👇 direction (#sell).
Sufficient downward momentum should see price dumping towards the 1.36000 psychological level and possibly testing the strength of the 1.35716 horizontal support level.
As always, please apply appropriate risk management: you might want to keep your eyes on the US Unemployment Claims figure due to be released at 13:30 (GMT+1).
Happy trading!
#majorpair
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.