USDCAD Short Short

U.S. Dollar / Canadian DollarFOREX.com

Description

⋅ May 23, 2020 7:28 PM

Please comment on my analysis!

I believe that by Tuesday price should hit resistance and not breakthrough for a nice drop.

Comments

Aamir_fxtrader

⋅ May 23, 2020 7:29 PM

First will hit Resistance level

SouIo

⋅ May 23, 2020 7:35 PM

@Aamir_fxtrader, Yea that’s what I was thinking. First It’ll hit resistance, then drop for a nice profit. Entry would be closer to resistance

Aamir_fxtrader

⋅ May 24, 2020 12:25 PM

@SouIo, it is forming a cup and holder formation, it will go a bit down first then upside to resistance level and then it will drop , subject to breakdown watchout.