Potential Big Drop for USDCAD pair
There is a bearish head & shoulders trend that has formed for the UC pair on the H2/ H4 graph which is clearly visible as I've pointed out on my analysis.
Alongside with the analysis the Canadian GDP is sitting on a real low so we are looking a good spot for shorting this pair.
I will be watching this pair for the next day or two to see any movement but I am expecting a large drop of around 100+ pips.
I have put the initial short entry at 1.28449 however as I am watching the movement this may change and I will update this post if so.
TP1: 1.2747
TP2: 1.2707
TP3: 1.2624
SL: 1.295
Alongside with the analysis the Canadian GDP is sitting on a real low so we are looking a good spot for shorting this pair.
I will be watching this pair for the next day or two to see any movement but I am expecting a large drop of around 100+ pips.
I have put the initial short entry at 1.28449 however as I am watching the movement this may change and I will update this post if so.
TP1: 1.2747
TP2: 1.2707
TP3: 1.2624
SL: 1.295
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.