USDCAD is currently at a very important junction, with the price beginning to fall below the channel which has been trending upwards for a year so far. The prices have also fallen below the 200SMA, with a corresponding increase in volume. The retracement area from which prices have peaked is also around the 61.8% level, a strong area for prices to fully turn around. This analysis was created after seeing a chart for the lower support beginning to fall through from 'ElliottWave.com.' There is a possible short trade entry point also being shown, with a 2:1 R/R, it can be started here on a intra-day level, and added on to later if prices are to really trend lower from this point on. Profits can be taken around 1-2R, with additional lots added as prices pivot lower.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.