i'm waiting for a buying opportunity here on the USD/CAD because i believe its continuing the bullish movement and it has also broke out from a descending triangle on a 4H and retested it and it currently has good bullish momentum.
Trade active
The market has retested the previous resistant level and i believe that it is now heading down for some time.Trade closed: target reached
Note
the price has broken the upward trendline, going downwards, after it ranged for a while near the upward trendline which seems to be a previous resistance zone. I believe it might continue to go down as there are no much buyers since the market hit the peak and went down. I think it might go down to 1.34120 idk.
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.
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.