USDCAD > The Best 2 Places for High Quality Sell
Analysis of #USDCAD
Hi traders, today we will have a look at #USDCAD
the USDCAD trend has shifted to the downside, if you remember I posted head and shoulders last time on USDCAD, and indeed it moved as I predicted it to move, now I still see a further move to the downside, and I have confirmation that the trend now is to the downside.
now, the question is where to sell?
the first place to look for a sell entry would be of course previous support now became resistance, which is the previous low if we have valid confirmation we can then move to enter a sell trade.
the second level to sell would be the previous lower high, as you can see we had a very good bearish reaction at that level and traders sold the market, so if the market comes and pull back to test its resistance zone I will also be looking for sell entry.
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Hi traders, today we will have a look at #USDCAD
the USDCAD trend has shifted to the downside, if you remember I posted head and shoulders last time on USDCAD, and indeed it moved as I predicted it to move, now I still see a further move to the downside, and I have confirmation that the trend now is to the downside.
now, the question is where to sell?
the first place to look for a sell entry would be of course previous support now became resistance, which is the previous low if we have valid confirmation we can then move to enter a sell trade.
the second level to sell would be the previous lower high, as you can see we had a very good bearish reaction at that level and traders sold the market, so if the market comes and pull back to test its resistance zone I will also be looking for sell entry.
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Bài đăng liên quan
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.