Dana16

- USD/CAD - 4h - Down and UP -

FX:USDCAD   U.S. Dollar / Canadian Dollar
USD/CAD broke the resistance zone of 1.280 -1.284 and formed a Double Top Pattern. I expect a retest of the previous resistance that now became support and further bullish continuation.

If you have a different view, please share, I would love to hear your analysis.

Comments

Well done Dana
+2 Reply
Dana16 TheSignalyst
@TheSignalyst Thank you, Rich!
Reply
well done
+1 Reply
Dana16 MMBTtrader
@MMBTtrader Thank you so much for your feedback!
Reply
thnx for sharing ... here is my point of view
+1 Reply
Dana16 MMFXSignals
@MMFXSignals, nice and clear analysis, thank you for sharing!
Reply
so 1.27200 would be a good time to buy?
+1 Reply
Dana16 adi_sgate
@adi_sgate, I would say yes but depends on a lot of factors - wait for a retest of the trendline resistance, check your position size, your risk/reward and if you enter, don't forget to put Sl in case the market doesn't go as expected. Waiting to go long as well!
+1 Reply
I love this analysis. thank you for sharing
+1 Reply
Dana16 abel11
@abel11 thank you for the support!
Reply
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