Overall we are bearish on USDCAD. After the FOMC statement there was a big rejection of the monthly level ~1.325.
Due to this it has also formed a double top if zoomed out from highs from March. I am already short with target levels as indicated. If we close strong above monthly level, analysis is invalidated.
Risk Reward
1st Target: : ~1:2
2nd Target: ~1:10
3rd Target: ~1:13.5
-Best Regards and safe trading
Due to this it has also formed a double top if zoomed out from highs from March. I am already short with target levels as indicated. If we close strong above monthly level, analysis is invalidated.
Risk Reward
1st Target: : ~1:2
2nd Target: ~1:10
3rd Target: ~1:13.5
-Best Regards and safe trading
Komen:
Another confluence leading to my entry is on the hourly we can see clearly see a triple top/rejection of the level.
Komen:
Target one smashed . Will be expecting small rallies . Target two should be next
Komen:
Target two smashed .
Target 3 in route .
Target 3 in route .