USDCAD (DAILY) PRICE ACTION ANALYSIS
USDCAD short analysis,
Continued ranging market in the long run,
a bounce off major critical level resulting in downward momentum,
price action playing its part as a major influencer in the execution of this position,
correction towards the shaded blue is TARGET 1 (130 PIPS).
Price action at this point will confirm movement to the downside further or if it will result in a pattern formation.
Continued ranging market in the long run,
a bounce off major critical level resulting in downward momentum,
price action playing its part as a major influencer in the execution of this position,
correction towards the shaded blue is TARGET 1 (130 PIPS).
Price action at this point will confirm movement to the downside further or if it will result in a pattern formation.
Trade active:
Awaiting reversal with risk reward still in place.
Comment:
Perfect analysis with targets hit to the very point.
