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MEX_Exchange

USDCAD profit target reached perfectly, watch for a reversal

Singkat
Dolar A.S. / Dolar Kanada (FX:USDCAD)  
MEX_Exchange  
FX:USDCAD   Dolar A.S. / Dolar Kanada
Trend Analysis Harmonic Patterns Chart Patterns USDCAD USD CAD usdcadshort usdcadlong usdcadforecast usdcaddaily usdcadsell forexsignals
80
0
trendanalysis harmonicpatterns chartpattern usdcad usd cad usdcadshort usdcadlong usdcadforecast usdcaddaily usdcadsell forexsignals
Sell below 1.2582. Stop loss at 1.2702. Take profit at 1.2407.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly. We prepare to sell once we reach major resistance at 1.2582 (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension) where a strong reaction should push price down to at least 1.2407 support (Fibonacci retracement, horizontal overlap support).
RSI (34) is seeing major resistance at 61% and a strong corresponding reaction could occur from this level soon.
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.