USDCAD Broke Previous Lows, Watch for Continuations
Atualizado
Hi traders:
Looking at the USDCAD's price action for potential further downside opportunity.
We can see after price has hit the higher time frame double tops, it corrects into an ascending structure, which is a possible indication of a reversal price action.
We then indeed see a strong bearish impulse phase happen, and price pushed down aggressively.
Now that price has manage to break pass the previous lows, good indication of further downside momentum from the price.
We can now wait for a consolidation here to form into a bearish continuation correction, and look for sell entry down to previous lows as a potential target.
Be patient and wait for setup to form :)
Thank you
Nota
Nota
Publicações relacionadas
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.