In the first analysis of USD / CAD waiting to break the trendline and
fibb 0.618 already broken we are ready to enter for sale this is a sniper entry.
Zone 1.3437 has been confirmed for the entry of the seller.
USD/CAD rejected resistance level
Price Movement
Since yesterday, USD/CAD moved up by around 40pips before moving back down by around 50pips.
Trend
USD/CAD is ranging across.
Important Issue
None.
Technical
Yesterday, USD/CAD tested and rejected the resistance level of 1.35000.
Price Levels
Current Price: 1.34542
Next Resistance: 1.35000
Next Support: 1.32900
Last daily candle was bullish with a top wick, Closed under daily exhaustion zone
H4 structure consolidating forming a LH just under monthly resistance, showing top wick like a middle finger
H1 did not break structure to downside valid yet, doji break, forming H1 TL
valid m15 BOS to downside, waiting for valid entry, right around H1 TL
Confluence Monthly Key...
Hey tradomaniacs,
welcome to another free signal!
Important: Market still volatile and news-driven! Make sure to reduce your risk decently!
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Type: Day-Swingtrade
Sell-Limit: 1,34646
Stop-Loss: 1,34830
Target 1: 1,34287
Target 2: 1,34125
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LEAVE A LIKE AND A COMMENT - I appreciate every support!...
USD/CAD is in the dilemma of breaking the cold zone of the Fibre at point 0.618
if it breaks that area then the confirmation for a continuous sale is fulfilled.
WAIT CONFIRMED:
- Fib 0.618
- TrendLine
Reached to an important key level where the price has been rejected several times in the past. Overall structure also suggesting downside, watch price action before trading.
The US Dollar vs. the Canadian Dollar is a very popular currency pair due to the extremely large amount of cross border trading that occurs between the U.S. and Canada. The CAD is considered to be a commodity currency because of the large amount of natural resources, especially oil, that are mined and exported to southern neighbors. The USDCAD is one of the most traded currency pairs in the world.
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