USDCAD - Which Factors give Pressure to the market? Short
U.S. Dollar/Japanese YenFXCM
Description
⋅ 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 :)!
Comment
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Trade active
⋅ Hey Followers!
Now we're confirmed.
As you can see we had a Breakout and a Retest:
Have a nice day :)