swissmoneymakers

USDCAD - Which Factors give Pressure to the market?

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Hi Traders!

The market is clearly in a downtrend.
It is making lower highs and breakinf structure to the downside.

We here have four pressure factors:
  • The first pressure comes from the Resistance,
  • the second Resistance is the Trendline,
  • the next important thing is that the market is in an overall downtrend and
  • the last thing is the 200MA.

The entry trigger is the break of the Trendline.
We recommend to wait for a retest!



Thanks and successful Trading :)!
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Have a nice day :)