As you can see in H4 USDCAD chart, MA50 is strong resistance which the price reject at the point. While in USDCAD chart it was a strong downtrend in this few week, so we are only thinking of short position. Let's see will it reach the next support line 1.316 or not.
Instagram: @logy.trade *No speculate the price, only follow the price. *Always do your own research before placing a trade. The analysis is written depend on analyst own skills & knowledge, difference analyst might have difference opinions.
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.