USDCAD 30min Analysis January 14th, 2021
Price is in a strong downtrend but is within our support zone.
Trade Scenario 1: Bearish - For us to go short and continue the trend we want to see price break below our structure zone of 1.2670 with conviction. We will then wait for a retest and for 1.2670 to flip as resistance. Enter on strong bearish setups
Trade Scenario 2: Bullish - For us to go long we need to see price break out of our downward trend and above 1.2690. We will then wait for a retrace and a clear HL to form at or above 1.2690.
Trade Scenario 1: Bearish - For us to go short and continue the trend we want to see price break below our structure zone of 1.2670 with conviction. We will then wait for a retest and for 1.2670 to flip as resistance. Enter on strong bearish setups
Trade Scenario 2: Bullish - For us to go long we need to see price break out of our downward trend and above 1.2690. We will then wait for a retrace and a clear HL to form at or above 1.2690.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.