STILL ON BEARISH VISION FOR USD vs CAD
According to the move of last week , we can see the line that we have R and S , some R was transformed to R after to be brokern
generaly we have inspected a fake break-out arround Sell Zone (134080-134300) some USA news Influence but quikly return to first S (support) at 133800
Finnaly we recommande to Go short to get TP1 by the next 4 hours candles, this step is important if stay more than one 4h candle on this area to confirme with an price action we can be sure to confirm target to TP3 next week ,otherwise we waiting a reel breakout to go short buying (SL hiting).
generaly we have inspected a fake break-out arround Sell Zone (134080-134300) some USA news Influence but quikly return to first S (support) at 133800
Finnaly we recommande to Go short to get TP1 by the next 4 hours candles, this step is important if stay more than one 4h candle on this area to confirme with an price action we can be sure to confirm target to TP3 next week ,otherwise we waiting a reel breakout to go short buying (SL hiting).
Comment:
After TP1 was reached , and price was given an strong selling signal at 1 hour frame , today the news oil was sepaking about oil stock and influenced the trend of price but not for long time , and i dont consider it like a reversal trend, so we still with our bearish vision we can take another selling positions from the top 1.34000 to next target with the some TP
Good luck
Good luck
Trade active:
We have identifed on Frame 1 hours one Channel , so the break out down this channel is a big signal to go Short selling to TP1 for the first hour.