2 different perspectives

9 ביולי 2023

🔍 Let's explore the current outlook on USDCAD from two different perspectives.

📉 The major break of a key support level suggests a bearish sentiment in the market. I'm inclined to take a shorter position, and I'm patiently waiting for a retest at 1.3305 for a potential shorting opportunity.

🕰️ However, if you have a different view, on the 4-hourly chart, there is a support level at 1.3268. You can wait for a confirmed candlestick pattern before entering the trade, ensuring a more conservative approach.

Stay tuned for more updates and trading opportunities as we navigate the market together. 💼📊

#USDCADAnalysis #BearishSentiment #ShortingOpportunity #SupportLevel #TradingOpportunities #StayTuned