Trend: Strong Sell
Support/Resistance:
R2: 1.31866
R1: 1.31332
S1: 1.30866
S2: 1.30400
S3: 1.29758
Price action:
Buyers are in sellers trending zone. Few hours ago buyers showed some momentum which might scared others, but sellers quick after retraced for 100%. Sellers are enough strong to break support level at 1.30866. If we hold below, then sell position is open to us.
Potencial trade idea:
Bears targets:
T1: 1.30400
T2: 1.29758
NOTE – We are trading USDCAD via the preferred trading setups by EliteFxAcademy
Support/Resistance:
R2: 1.31866
R1: 1.31332
S1: 1.30866
S2: 1.30400
S3: 1.29758
Price action:
Buyers are in sellers trending zone. Few hours ago buyers showed some momentum which might scared others, but sellers quick after retraced for 100%. Sellers are enough strong to break support level at 1.30866. If we hold below, then sell position is open to us.
Potencial trade idea:
Bears targets:
T1: 1.30400
T2: 1.29758
NOTE – We are trading USDCAD via the preferred trading setups by EliteFxAcademy