USDCAD-06/30/2023
Preferred direction: SELL
Comment: The formed balance at 1.31385 is most likely to be distributed downwards, since market long-positions on this pair cannot move the price upwards. Thus, an impulsive hike down has a good supply of "fuel". The breakdown of the level 1.31385 is just the entry point. The considered target for this deal is at the level of 1.31385.
Thank you for like and share your views!
Comment: The formed balance at 1.31385 is most likely to be distributed downwards, since market long-positions on this pair cannot move the price upwards. Thus, an impulsive hike down has a good supply of "fuel". The breakdown of the level 1.31385 is just the entry point. The considered target for this deal is at the level of 1.31385.
Thank you for like and share your views!
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