We have a confirmed and strong downside move on USDCAD.
Market tried breaking above on multiple times, but it then pulls back very quickly.
The way price closed just now indicates for a breakout, which most likely will be in the main direction.
If we get a close below previous low or a breakout of the triangle, we could expect to see market down at 1,1955!
At this level we have a yearly support. Be careful if you will be looking for lower values.
Market tried breaking above on multiple times, but it then pulls back very quickly.
The way price closed just now indicates for a breakout, which most likely will be in the main direction.
If we get a close below previous low or a breakout of the triangle, we could expect to see market down at 1,1955!
At this level we have a yearly support. Be careful if you will be looking for lower values.
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✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
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.