USDCAD has been trading in a descending triangle in D1, H4 price is forming and short-term uptrend bias supported by the trendline, before reaching the top from the descending triangle MACD is showing diminished bullish momentum. Price action should reverse till reaching FIB level 0.5 + testing support from trendline and triggering the order. Finding strong support from fib level and trendline for further uptrend continuation.
S/L: 37.5 PIPS
R:R 1:2
S/L: 37.5 PIPS
R:R 1:2
Trade closed: stop reached:
#USD came into strong bearish pressure and it wasn't able to hold its grounds, price action broke even the the support level from the consolidation pattern.
@transparent-fx showed that in his technical analysis. Good call
@transparent-fx showed that in his technical analysis. Good call
FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸
INSTAGRAM:
www.instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
TWITTER
twitter.com/ogfxtrader
FACEBOOK
www.facebook.com/ogfxtrader
INSTAGRAM:
www.instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
twitter.com/ogfxtrader
www.facebook.com/ogfxtrader