USDCAD 30min Analysis January 25th, 2021
Price has respected our key weekly level 1.27350 as resistance on the first test and is at our resistance trendline.
Trade Scenario 1: Bearish - For us to go short we want to see price test the key weekly and our resistance trend line again. This will form a nice double top around 1.27350. Enter on strong bearish setups/rejections off the weekly zone.
Trade Scenario 2: Bullish - For us to go long we need to see price break above our key weekly and out of our descending channel with conviction. We will then wait for a retest and for our key weekly of 1.27350 to flip as support.
Trade Scenario 1: Bearish - For us to go short we want to see price test the key weekly and our resistance trend line again. This will form a nice double top around 1.27350. Enter on strong bearish setups/rejections off the weekly zone.
Trade Scenario 2: Bullish - For us to go long we need to see price break above our key weekly and out of our descending channel with conviction. We will then wait for a retest and for our key weekly of 1.27350 to flip as support.
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.