USD/CAD trade descending channel and near 1.3951 support.
We see that the pair does HL and every time when hit support (1.3951), then bounces upside.
I think if pair can break that support, then further weakening is potential.
Of course, don't forget that the 200-EMA is also close and can bring buy orders in market.
When the pair goes upside and brake channel resistance and 1.4100, then I must rethink.
We see that the pair does HL and every time when hit support (1.3951), then bounces upside.
I think if pair can break that support, then further weakening is potential.
Of course, don't forget that the 200-EMA is also close and can bring buy orders in market.
When the pair goes upside and brake channel resistance and 1.4100, then I must rethink.
Comment:
So, today we see that UC broke 1.3947 support.
Order cancelled:
When the pair is break below 1.3947 and come back, there was no signal at 1.3947.
Also pair break channel resistance, so now I am bullish.
Also pair break channel resistance, so now I am bullish.