flowtradefx

USD/CAD continued bear pressure? Targets extended below

FX:USDCAD   Dolar A.S. / Dolar Kanada
Welcome to Flowtradeco, I plan to provide Technical and Fundamental Analysis
for Forex pairs and Crypto-Currency Markets several times a week, Tap in!

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1 HOUR
Hit resistance around 1.39 currently bearish
i found this area by noticing the market attempting to break higher not once but several times on the smaller time frames*
4 HOUR
Bearish momentum starting to build after prices rejected current attempts at new highs.
DAILY
Currently At old support aka huge psychological barrier watch out for stop hunts keep in mind this week has nfp, expect more volatility!

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Entry at 1.31845
Target at 1.31135 stay tuned.

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Have a great week everyone!

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.