Papakev

USD / CAD Attempt #3

Viés de baixa
FX:USDCAD   Dólar Americano/Dólar Canadense

Month:

It seems like from 2002 to 2010, there were lower highs / lower lows forming with strong support at .94200 which it retested a few years ago.
Broke through the cup and handle formation but seems to be on a downtrend at the moment.
MA/EMA about to cross soon, which means __________
Support @ 1.22496 / 1.30855 | Resistance @ 1.38088 followed by 1.41625 range

Weekly:
Seems to be forming higher highs on the weekly chart
Potential head & shoulders => I see the bullish to a bearish trend reversal.

Daily:
Candle close below this 1.30855 level I would sell to the 1.29732 range. Bearish
I see a lower high forming / USD|CAD on a downtrend.

Question for Next Time (So I don’t forget):
What’s the difference between the time frames on the top vs bottom in TradingView?
Aviso legal

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