SirajHudda

USDCAD Re-Test Structure, Is it Potential Trend Continuation?

Viés de baixa
FX:USDCAD   Dólar Americano/Dólar Canadense
USDCAD is Retesting the structure resistance level on daily chart. Potential trend continuation expected as price action retest the structure and then go lower. The idea is to go short for trend continuation trade with stops above the resistance levels. Targets can be Fib 38.2 and 61.8 of the rally. Aggressive traders can stay in trade with trailing stops as the price action can break previous lows.

This is just my analysis. Any suggestions or different analysis is welcomed.

Happy Trading!!

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.