theforexdaddy

USD/CAD BEARISH MARKET STRUCTURE

Education
FX:USDCAD   U.S. Dollar / Canadian Dollar
*-CONSECUTIVE LOWER HIGHS AND LOWER LOWS
*-REJECTED WITH A PIN BAR OF 1.30684 SUPPORT ZONE
*-WE MIGHT SEE A CORRECTIVE PRICE BEHAVIOUR
*-POSSIBLE CORRECTIVE STRUCTURE UP TO 1.33 FIB/RES/TRENDLINE
*-I AM SEEING A POSSIBLE NICE DOWNTREND HERE AFTER WE HAVE BROKEN A MASSIVE&HUGE IMPORTANT UPTRENDLINE
*-PRICE MIGHT ALSO CORRELATE WITH 50 EMA
*-WAITING TO SEE SOME PRICE ACTION/CANDLESTICK PATTERNS ON MY POCKET BEFORE ENTERING A LONG TRADE
*-BE CAREFULL OF NFP THIS FRIDAY
*-ITS BETTER TO CLOSE ALL OPEN TRADES BEFORE NFP
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