Tom_Killick

#USDCAD: Weakness At Highs, Downside Correction Likely! #Forex

FX:USDCAD   U.S. Dollar/Canadian Dollar
113 1 9
Traders,

Gap up open today on this pair is showing a quick downside move right away from the opening price. Clear weakness at the sideways resistance and investors have acknowledged this. Closing at the lows of the day would provide a great opportunity to seek downside. This is also a signal to take profits if on the long side of this particular trade. It seems logical to assume if price breaks down, first target is sideways support. A break below this could signal a bearish impulse leg, where strong lows could potentially be seen in the future.

I hope you have a tested trading strategy to trade this move when it starts

Thanks for your support

For more information on joining my private signals group or receiving trading tuition, PM me, or contact me via email.

Youtube: https://www.youtube.com/channel/UCrKe1mbrc5cAj1BuuQNoyrA?nohtml5=False

Twitter: TomKillick1
shasst1
2 months ago
Great Tom, similar to my opinion! Looking more down- then upside for me...

let's see :)
Reply
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