USDCAD REVERSAL WITHIN A CHANNEL OR BREAKOUT?
Telah dikemas kini
Komen
NOTE: Watch out for how price reacts to the blue levelKomen
Dagangan aktif
I have opened a position although, I need to watch out for how the current candle closes
Dagangan aktif
I still think this position is valid, although this candle's weakness could be induced by the failure of the Yesterday's candle to breach the resistance level at 1.332788
Dagangan aktif
Price is pausing, could be an attempt for retracement toward the neckline.
Komen
Komen
Dagangan aktif
Dagangan aktif
I shall be looking at the box above for signals of price reversal or continuation by reference of successful or unsuccessful breakout or pattern formations.
Dagangan aktif
As price is still in the channel, I think the good course of action is to pull out my position and wait for the success or failure of the breakout.
Komen
On the long term, price bounced off the point A, which seems to bear some similarities to the point B were price recently retracted and is in the move toward its direction.
This could mean it might be heading to form a double top formation or to break the level.
The current candles are very strong, and could push price further, unless if weak candles will emerge next week.
Still I am keeping an eye on what price does currently.
Komen
Price is still within the box
Komen
In the Daily tf I think price can either move toward A, B, or C. other possiblillities need to be checked as the price moves.
Komen
Price has broken bellow the box and later the strong support level were is now consolidating.
Komen
I have opened a sell position with expectation that a bearish move is at bay, Although I will keep an eye on the possibility of a full reversal
Komen
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.