hey traders,
USDCAD has respected 1.315 structure support level
and during the last three days we saw a strong pullback.
next week buyers will most likely push the market higher.
the first bearish resort will be around 1.335 structure resistance area.
a lot of buyers will close their longs and many traders will open short positions
following horizontal structure and rising trendline.
I will be focused on this area and will look for a signal inside this area to open short.
T1 will be 1.325
T2 will be 1.315
if the market breaks and closes below the area, setup will be invalid.
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.