USDCAD has quite a great selling opportunity at hand.
1. We have been in a downtrend making Lower Lows and Lower Highs.
2. We have a descending trend line and we have made the magical third touch of this dynamic resistance signalling a potential downside move
3. The third touch of the Trendline aligns with the 61.8 Fibonacci Region signalling a lower swing point forming a lower low.
4. On a lower 1H timeframe we have a potential head and shoulders pattern formation which could drive momentum for price to the downside.
Lastly, if we manage to close below the MA's , I am quite confident that Caddy can drop all the way to 1.25750 making this a 100 pip move.
1. We have been in a downtrend making Lower Lows and Lower Highs.
2. We have a descending trend line and we have made the magical third touch of this dynamic resistance signalling a potential downside move
3. The third touch of the Trendline aligns with the 61.8 Fibonacci Region signalling a lower swing point forming a lower low.
4. On a lower 1H timeframe we have a potential head and shoulders pattern formation which could drive momentum for price to the downside.
Lastly, if we manage to close below the MA's , I am quite confident that Caddy can drop all the way to 1.25750 making this a 100 pip move.
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.