Yesterday caused great hesitation. Today in many places we see engulfing candles.
At USDCAD yesterday completely absorbed the previous decline and closed above it.
This is a strong signal that the bulls are currently the stronger participants and we expect them to raise the price further.
It is currently under serious resistance from previous levels, but in the event of a breakout it can quickly reach 1.2850!
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
At USDCAD yesterday completely absorbed the previous decline and closed above it.
This is a strong signal that the bulls are currently the stronger participants and we expect them to raise the price further.
It is currently under serious resistance from previous levels, but in the event of a breakout it can quickly reach 1.2850!
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
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✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.