U.S. Dollar / Canadian Dollar
Short
Updated

2806 USDCAD 6H looking for breakout to new lows

196
Hello traders,

USDCAD is so bearish on daily chart.
And on 6h chart, it is still sideways moving above the weak support level WITH all price running beneath EMAS.

This is a best position for breakout strategy.
Check in later NY sessions to see if it would make a strong breakout signal, down there supports.

GOOD LUCK ON THIS PLAN TO SELL.
LESS IS MORE!
Note
This breakout is not what we want.
A candle with bullish power only sending a signal that the support is still valid.
Now cancle the selling plan and wait for more signals..
Order cancelled

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.