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USDCAD Approaching The 3-Month Neckline

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Hi Traders!

USDCAD has formed a head-and-shoulders pattern and is approaching the neckline.

Here are the details:

There is a current lack of buyers in the market, and the market is trending down with swings of lower highs and lower lows. Our plan is to sell rallies looking for a break below the neckline and target the 3-month low at the 1.33802 level.

Preferred Direction: Sell

Entry Level: 1.35738

Stop Level: 1.36663

Target Level: 1.33802

Technical Indicators: 20 EMA

Please make sure to click on the like/boost button 🚀 as your support greatly helps.

Trade safely and responsibly.

BluetonaFX
Dagangan ditutup: sasaran tercapai
syot kilat

Penafian

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