andrew.berg
Short

USD/CAD looks ready for another break down

FX:USDCAD   U.S. Dollar / Canadian Dollar
158 views
4
158 4
USD/CAD             held 25% retracement well means that sellers are in control, found resistance around 1.09000 area.
News from Canada on Building permits were below consensus.

Moving averages curling down. I am looking for potential breakdown of 1.08732 low. Consider SHORT opportunities here. I am trying to find clues before breakdown as it could be difficult to trade it after the fact of breakdown because of potential lack of follow through after such a big move from 1.09800
Поиск торговых идей,
оценка настроений рынка, сценарии и торговые планы. https://t.me/berg_stocks
I like this tight consolidation in front of support at 1.08742. It gives us good risk/reward setup with trend.
Reply
i agree, but i think we could see a move up 109.15 first to bounce of the 38.2% retracement. Also, if you look back a little, you will see a larger fib move.
So you have a short term momentum and fib extension pushing usd/cad down to 108.00
then you have a longer term momentum and fib extension pushing it down to 106.00

Reply
Low was broken, now need to hold below
Reply
Hi
Price is still on a short uptrend.
But the long term is down.
Guess will see in 2 hours with the Housing Starts.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out