USDCAD - New Swing Low - Breakout
Hi Traders!
As you can see the market made lower lows and lower highs.
That means that the market is in a downtrend.
At first the market made a strong Up-Movement.
It reached the Resistance at 1.46600.
After that it started to retrace.
In addition the market made a "triangle" pattern.
So, after the market broke out of this triangle downward it retested this "new" Resistance.
Furthermore, a trendline which is giving support to the market arised.
We recommend to sell the breakout with high momentum.
Thanks and good luck :)!
As you can see the market made lower lows and lower highs.
That means that the market is in a downtrend.
At first the market made a strong Up-Movement.
It reached the Resistance at 1.46600.
After that it started to retrace.
In addition the market made a "triangle" pattern.
So, after the market broke out of this triangle downward it retested this "new" Resistance.
Furthermore, a trendline which is giving support to the market arised.
We recommend to sell the breakout with high momentum.
Thanks and good luck :)!
Comment:
The tiny red box now again, but in BIG:
Trade active:
Hey Followers!
This trade started as expected.
Nice momentum and red filled candles.
Have a nice day :)
This trade started as expected.
Nice momentum and red filled candles.
Have a nice day :)
