aslamhammad

USD/CAD H1 bull flag

Alış
FX:USDCAD   ABD Doları / Kanada Doları
Well in the h1 chart of USD/CAD we have a bull flag....But for the price to continue higher, we need a break above the bull flag above 1.3210, in that scenario, i would expect price to go upto 1.3300. As they say Oil prices going lower, hence i assume there is a possibility of better than expected non-farm employment change data from U.S today+ that would also signal the rate hike or rate cut in September by Feds.....If Primary support 1.3100 fails to hold, hence we can expect a slight drop upto 50% Fib area 1.3036 area....So, can try to use a pending short below 1.3100 that however i would call a lucky trade :p.....But than again, as we're currently stuck in a bull flag, i expect price to go up again....

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.