USDCAD READY TO REVERSE? Catch the sell before the push upward.
-Price found support at the monthly/weekly support or demand zone and began it's push up.
-After an extended push to the upside (or bullish pressure), it appears price is preparing to make a retracement.
-Price broke through the daily support level now, I am expecting price to retest this area.
-After drawing a Fibonacci, it appears the 50.0 fib level corresponds with the daily support zone.
-A respect of this zone and level, is where I will look to enter a buy position and set a SL near or below the 78.6 fib level.
-A retracement to his level, will appear to form an inverse head and shoulder formation which is a bullish reversal candlestick pattern formation.
-That formation along with the monthly/weekly support zone serves as 2 confirmations of bullish pressure
-After an extended push to the upside (or bullish pressure), it appears price is preparing to make a retracement.
-Price broke through the daily support level now, I am expecting price to retest this area.
-After drawing a Fibonacci, it appears the 50.0 fib level corresponds with the daily support zone.
-A respect of this zone and level, is where I will look to enter a buy position and set a SL near or below the 78.6 fib level.
-A retracement to his level, will appear to form an inverse head and shoulder formation which is a bullish reversal candlestick pattern formation.
-That formation along with the monthly/weekly support zone serves as 2 confirmations of bullish pressure
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.