USD/CAD BREAKOUTS! ( NEUTRAL 1.34200 or 1.31900)
My BIAS for USD/CAD for this upcoming week is NEUTRAL.
My reasoning behind this is
-We are currently consolidating between 1.33400 & 1.31900.
-We have just rejected a strong level of Daily Resistance and broke down about 50% of the current distance between our Daily Resistance and our strong 4HR Support.
-We could see a break above our Daily Resistance followed by a retest with targets of 1.34200 at our previous Daily Resistance.
-We could also see a break below our 4HR Support with targets of 1.31900 at our previous Daily Support.
I will not be taking this trade until I see one of these breakouts.
Like & Follow for future updates and analysis.
My reasoning behind this is
-We are currently consolidating between 1.33400 & 1.31900.
-We have just rejected a strong level of Daily Resistance and broke down about 50% of the current distance between our Daily Resistance and our strong 4HR Support.
-We could see a break above our Daily Resistance followed by a retest with targets of 1.34200 at our previous Daily Resistance.
-We could also see a break below our 4HR Support with targets of 1.31900 at our previous Daily Support.
I will not be taking this trade until I see one of these breakouts.
Like & Follow for future updates and analysis.
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.