USD/CAD INTERESTING AREA
Zaktualizowano
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
USD/CAD BULLISH REVERSAL TO BE FORMED
As we can see price is clearly overall bearish trading inside this channel, making clean lower lows and lower highs.
However, price is approaching a strong support zone, price now is trading around the lower bound of the support.
So, we will be searching for bullish reversal setups, for the bulls to kick in we need a new swing high to be formed around the trendline then a break.
From a technical edge
From a Risk management edge 1-2 Risk to reward ratio
Until this scenario happens, we are bearish and we cna still trade lower and lower.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
USD/CAD BULLISH REVERSAL TO BE FORMED
As we can see price is clearly overall bearish trading inside this channel, making clean lower lows and lower highs.
However, price is approaching a strong support zone, price now is trading around the lower bound of the support.
So, we will be searching for bullish reversal setups, for the bulls to kick in we need a new swing high to be formed around the trendline then a break.
From a technical edge
From a Risk management edge 1-2 Risk to reward ratio
Until this scenario happens, we are bearish and we cna still trade lower and lower.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Uwaga
TELEGRAM CHANNEL: t.me/Snipers_F_x
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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