💱USDCAD - A reversal pattern and a trend change
USDCAD breaks the downtrend and forms a reversal pattern. Good potential for strengthening of the currency pair begins to appear
TA on high timeframe:
1) On d1 the situation is complicated. Consolidation is formed inside the channel 0.91200 - 0.88595.
2) It is acceptable to buy if the consolidation is above the level of 1.32600 or above the base of the pattern H&S.
TA on the low timeframe:
1) A local bottom of 1.31200 is formed, to which price reacts in a "rally" format
2) Resistance is broken and after the channel resistance is retested, the price retests 1.32600.
3) Breakout and consolidation of 1.32600 will form a counter-trend entry point into a long position. In this case there is a chance to strengthen to 1.3383
Key support📉: 1.3206, 1.3177
Key resistance📈: 1.32600
TA on high timeframe:
1) On d1 the situation is complicated. Consolidation is formed inside the channel 0.91200 - 0.88595.
2) It is acceptable to buy if the consolidation is above the level of 1.32600 or above the base of the pattern H&S.
TA on the low timeframe:
1) A local bottom of 1.31200 is formed, to which price reacts in a "rally" format
2) Resistance is broken and after the channel resistance is retested, the price retests 1.32600.
3) Breakout and consolidation of 1.32600 will form a counter-trend entry point into a long position. In this case there is a chance to strengthen to 1.3383
Key support📉: 1.3206, 1.3177
Key resistance📈: 1.32600
Not
❤️ Telegram channel: t.me/AndeWave
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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.
❤️ Telegram channel: t.me/AndeWave
İlgili yayınlar
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.