Dana16

USD/CAD - 1.275 or 1.280 - Three Possible Scenarios

FX:USDCAD   U.S. Dollar / Canadian Dollar
At the moment, the price is approaching the resistance level which I expect to turn bearish .

If the trendline is respected, a breakout under 1.275, my targets will be: 1.265 and 1.260.

Note: the trendline resistance (1.275) might not be respected and price might move forward to 1.280 (horizontal resistance).

If you have a different view, please share, I would love to hear your analysis.

Comments


your vision is correct
this is what it looks like, the third attempt to take off
gravity is still strong =)))
+1 Reply
Dana16 Pps33_Day
@Pps33_Day, thank you for sharing!
Reply
A well-developed trade analysis!
+1 Reply
Dana16 abel11
@abel11, thank you!!
Reply
@Dana16, so sweet
Reply
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