USDCAD : STEP BY STEP BREAKDOWN
D time frame :
If U see We Break The Uptrend Line at level 1.34000 and then It Fall For Retest .
It retest Back At Trend line at level 1.34270 ( u may see The Black Box its showing the Restest Level ).
After Then Usdcad Fall , creating a new trend ( downward trend ) with Creating a Low , then fall to Support level of 1.3000 to create a lowerlow. and then pullback to Rsistance level of 1.33000 to create a new Lower high . Yesterday The last Weekly Candle ( create A strong Rejection From breaking The D downtrend ). and same happen In D frame too. If u check We have a Rejection of the Downtrendline and A creation Of lower high . I may believe The usdcad Is gonna be a Potential Short (sell) Setup for us . It fall To create a new Lower Low And may complete the week next week .
D time frame :
If U see We Break The Uptrend Line at level 1.34000 and then It Fall For Retest .
It retest Back At Trend line at level 1.34270 ( u may see The Black Box its showing the Restest Level ).
After Then Usdcad Fall , creating a new trend ( downward trend ) with Creating a Low , then fall to Support level of 1.3000 to create a lowerlow. and then pullback to Rsistance level of 1.33000 to create a new Lower high . Yesterday The last Weekly Candle ( create A strong Rejection From breaking The D downtrend ). and same happen In D frame too. If u check We have a Rejection of the Downtrendline and A creation Of lower high . I may believe The usdcad Is gonna be a Potential Short (sell) Setup for us . It fall To create a new Lower Low And may complete the week next week .
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