For UsdCad the trend is not only down, but aggressively down.
At this point, the pair is in 1.2 important zone support, a support that held in 2015 and 2017.
The daily structure is a rectangle that suggests continuation.
If 1.2 is broken to the downside, the pair can drop to 1.15 psychological support or even to 1.13 technical one.
A short trade at this point also can have a great risk:reward ratio
At this point, the pair is in 1.2 important zone support, a support that held in 2015 and 2017.
The daily structure is a rectangle that suggests continuation.
If 1.2 is broken to the downside, the pair can drop to 1.15 psychological support or even to 1.13 technical one.
A short trade at this point also can have a great risk:reward ratio
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.