USDCAD > The Best Place to Buy Some Dollars!!
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Follow up on #USDCAD
the market tested the trendline resistance and moved down as expected, as we know CAD is related to OIL and oil is not moving down.
however, we can look for short term trades in USDCAD market, I look at the cart and I see a possibility for the market to move to test the neckline of the double bottom near 2017 low, it is not only the neckline but also a fib 61 level and 1.2100 number.
so I will have:
neckline restest
FIB 61 level
12100 number
if we come to test his level I will look to enter long targeting the trendline resistance level
Check today analysis below⠀
>>“There is no single market secret to discover, no single correct way to trade the markets.
____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Follow up on #USDCAD
the market tested the trendline resistance and moved down as expected, as we know CAD is related to OIL and oil is not moving down.
however, we can look for short term trades in USDCAD market, I look at the cart and I see a possibility for the market to move to test the neckline of the double bottom near 2017 low, it is not only the neckline but also a fib 61 level and 1.2100 number.
so I will have:
neckline restest
FIB 61 level
12100 number
if we come to test his level I will look to enter long targeting the trendline resistance level
Check today analysis below⠀
>>“There is no single market secret to discover, no single correct way to trade the markets.
____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
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