USDCAD COULD BE LOOKING TO RETEST PSYCH LEVELS 1.2150-1.2200
HELLO TRADERS,
HERE IS A FEW REASONS WHY FROM A TECHNICAL STANDPOINT I BELIEVE WE COULD SEE USDCAD START CREATING MOMENTUM TO THE UPSIDE TO RETEST THE PSYCH LEVELS OF 1.2150-1.2200.
$1. PRICE HAS CREATED AN INVERTED HEAD AND SHOULDERS ON THE 1.20500 LEVEL. THIS LEVEL HASN'T BEEN TOUCHED SINCE SEPTEMBER 2017! CREATING MAJOR ROOM TO THE LEFT.
$2. PRICE BROKE OUT OF THE HEAD AND SHOULDERS WITH A STRONG BULLISH ENGULFING CANDLE SHOWING US THAT THE BULLS HAVE COME BACK INTO PLAY!
$3. WE HAVE NOW RETESTED THAT BREAKOUT WHICH ALSO LINES UP WITH REJECTION AT THE 78.6% FIB.
LIKE, COMMENT, AND SHARE.
LET US KNOW WHAT YOU GUYS THINK!
HERE IS A FEW REASONS WHY FROM A TECHNICAL STANDPOINT I BELIEVE WE COULD SEE USDCAD START CREATING MOMENTUM TO THE UPSIDE TO RETEST THE PSYCH LEVELS OF 1.2150-1.2200.
$1. PRICE HAS CREATED AN INVERTED HEAD AND SHOULDERS ON THE 1.20500 LEVEL. THIS LEVEL HASN'T BEEN TOUCHED SINCE SEPTEMBER 2017! CREATING MAJOR ROOM TO THE LEFT.
$2. PRICE BROKE OUT OF THE HEAD AND SHOULDERS WITH A STRONG BULLISH ENGULFING CANDLE SHOWING US THAT THE BULLS HAVE COME BACK INTO PLAY!
$3. WE HAVE NOW RETESTED THAT BREAKOUT WHICH ALSO LINES UP WITH REJECTION AT THE 78.6% FIB.
LIKE, COMMENT, AND SHARE.
LET US KNOW WHAT YOU GUYS THINK!
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PRICE HAS REACHED OUR FINAL TARGET @ 1.2200 FOR A TOTAL OF 140 PIPS! I HOPE ALL OF YOU WERE ABLE TO MAKE PROFIT FROM THIS TRADE IDEA. MORE SOON TO COME!
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.