USD/CAD Returns To Consolidation – Chance For Short?
Breaking the upper limit of consolidation occurred already in April. Price after reflection from the top came under 61.8% of the abolition (1.37910) and rebounded to the south. Friday’s strong depreciation of USD/CAD brought price again to horizontal channel, simultaneously breaking Fibonacci 50% and March 1.3530:
The above-mentioned levels will play a key role in successive sessions, and with high probability will help us to decide to open a short position, aiming at lower limit of consolidation, which is almost 500 pips lower than the current price. Chart D1 at this point forms a bar pin under resistance – if session closes in that form, we will receive a signal to enter short. Find more at Comparic.com.
The above-mentioned levels will play a key role in successive sessions, and with high probability will help us to decide to open a short position, aiming at lower limit of consolidation, which is almost 500 pips lower than the current price. Chart D1 at this point forms a bar pin under resistance – if session closes in that form, we will receive a signal to enter short. Find more at Comparic.com.
Sprawdź największy polski portal traderski - comparic.pl i dołącz do najbliższej edycji konferencji InvestCuffs! expo.investcuffs.pl. Do zobaczenia w Krakowie!
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.