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Theperfectionist

Overall view of USDCAD - Update of June 24th week

Short
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
Theperfectionist Updated   
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Harmonic Patterns Chart Patterns Forex USDCAD canadiandollar Bearish Patterns SELL levels LOW
2
0
trendanalysis harmonicpatterns chartpattern forex usdcad canadiandollar bearish sell levels low
The support zone earlier tested multiple times was finally broken acknowledging the bearish trend. Prices are heading to settled on a new support zone containing the low of the year @1.30680.

Possible targets: @1.31000 (+80pips) and @1.30000 (+180 pips).

Advice: Stay bearish and sell at any high point while we don't reach back 1.33000 top level.
Comment:
The trend is bearish and prices slightly reject on @1.31500 level. A downward break would considerably increase chances to reach our target. Remain bearish and sell high points.
Comment:
We are closer to the target, you can now put your trades at breakeven.
Trade closed: target reached:
Target tested. Nice and decent trade.
Comment:
Target 2 reached. Great opportunity market gave here.

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Theperfectionist
Overall view of USDCAD - Update of July 15th's week
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