USDCAD update ( looking for shorts )
the pair is still bearish and rejected from the demand zone at 1.2460 , so there is a possibility of a correction continuation toward 1.2514 / 1.2552 levels first before the bearish continuation and the fall of price .
a break under our demand zone (1.2460 ) will probably take the price to deeper price levels mainly at 1.2418 / 1.2377 .
so in general the price is still bearish and so i'll only be looking for sell in the current conditions .
this is not a signal but my own view of the market , make sure to do your own home work before executing your order .
please support this idea by liking it and commenting bellow , and if you are a new commoner make sure to follow so you don't miss any future upcoming updates .
a break under our demand zone (1.2460 ) will probably take the price to deeper price levels mainly at 1.2418 / 1.2377 .
so in general the price is still bearish and so i'll only be looking for sell in the current conditions .
this is not a signal but my own view of the market , make sure to do your own home work before executing your order .
please support this idea by liking it and commenting bellow , and if you are a new commoner make sure to follow so you don't miss any future upcoming updates .
Komentarz:
the price change it's character by breaking above the down trend , the analysis is called off for now .