USDCAD > Be Careful from Buying Cad Here!!
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Analysis on #USDCAD
be careful of going long this market, with everything going on with the oil market the cad will be very much affected
as you can see on my chart I have put on the chart two patterns and they are the opposite of each other, you can see what happen on the left pattern and how the market broke resistance to the upside and now we have the opposite of that, means for me the market might move down
The Plan:
I am currently not interested in buying even that we are at support simply because this level has been testing many levels and with every test, it weakens.
If the market moves and breaks down to test 1.2500 my ultimate support level then I will look for the market to turn bullish on the lower time frame to get in a buy trade if the rules are met.
Thank you so much for your support.
Check today's analysis below⠀
>>“ luck is when preparation meets opportunity."
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Analysis on #USDCAD
be careful of going long this market, with everything going on with the oil market the cad will be very much affected
as you can see on my chart I have put on the chart two patterns and they are the opposite of each other, you can see what happen on the left pattern and how the market broke resistance to the upside and now we have the opposite of that, means for me the market might move down
The Plan:
I am currently not interested in buying even that we are at support simply because this level has been testing many levels and with every test, it weakens.
If the market moves and breaks down to test 1.2500 my ultimate support level then I will look for the market to turn bullish on the lower time frame to get in a buy trade if the rules are met.
Thank you so much for your support.
Check today's analysis below⠀
>>“ luck is when preparation meets opportunity."
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
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