U.S. Dollar / Canadian Dollar
Short
Updated

Lingrid | USDCAD trend CONTINUATION Opportunity

1 248
The price perfectly fulfills my last idea. It hit the target level. The price has broken through the support levels, ending the consolidation phase and triggering a downward extension. The recent rejection candles at the resistance zone suggest that bears are gaining strength. On the 1H chart, the market is clearly in a downtrend, and I expect a further decline if the price rolls back to the resistance zone. On the 4H chart, the market is situated within a large consolidation zone, and the price is heading towards the bottom. My goal is support area 1.36210

Lingrid | USDCAD short after FAKEOUT


Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩‍💻

Note
The market hit the TP

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