USDCAD have fulfilled our review on this pair, if you had followed our previous analysis on this structure you would have see where we anticipated and highlighted this movement.
However the breakout above the resistance zone refuses to hold which trigger the reversal. markets always respects its zone especially the major resistance and support.
Meanwhile should we go on short at this point or anticipate a breakout above ?
Happy trading week
Thanks for reading.
However the breakout above the resistance zone refuses to hold which trigger the reversal. markets always respects its zone especially the major resistance and support.
Meanwhile should we go on short at this point or anticipate a breakout above ?
Happy trading week
Thanks for reading.
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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.
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.