USDCAD, Two Possible Setups for LONG or SHORT
So I did publish an Analysis to the USDCAD a couple of days ago.
It was based on Trendlines, Levels of SUP and RES, SMA 50/100/200 + some Fib Retracements.
This is my previous Publication:
LONG POSITION
I think it could still be valid and a solid foundation to form a LONG Position, but Price actually formed some
sort of Double Top (Level 1.34629) on the 4H Chart, which could also indicate a move in the opposite direction.
New Publication
SHORT POSITION
I quickly drew the Double Top (Its a bit too early to 100% confirm) and some Levels of SUP/RES.
So now we got two Potential Setups for a LONG or SHORT Position. Let`s wait if one of them plays out!
If that's the case I will update with potential Entries, SL and TP Options.
It was based on Trendlines, Levels of SUP and RES, SMA 50/100/200 + some Fib Retracements.
This is my previous Publication:
LONG POSITION
I think it could still be valid and a solid foundation to form a LONG Position, but Price actually formed some
sort of Double Top (Level 1.34629) on the 4H Chart, which could also indicate a move in the opposite direction.
New Publication
SHORT POSITION
I quickly drew the Double Top (Its a bit too early to 100% confirm) and some Levels of SUP/RES.
So now we got two Potential Setups for a LONG or SHORT Position. Let`s wait if one of them plays out!
If that's the case I will update with potential Entries, SL and TP Options.
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.