USDCAD H4 | Bearish breakout

BY admin admin

TitleUSDCAD H4 | Bearish breakoutTypeBearish ReversalPreference:USDCAD could continue with the downward momentum and breakout of the pivot at 1.3263, an overlap support, and price reversing to the 1st support at 1.30984, the overlap support.Alternative scenario:Price could bounce off the pivot at 1.3263, and rise to the 1st resistance level at 1.3363. the overlap resistance.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Forex

DAX Buying The Dips At The Blue Box Area

<p>Hello fellow traders. In this article we’re going to take a quick look at the Elliott Wave charts of DAX published in members area of the website. DAX is showing impulsive bullish sequences i

Forex

US Dollar mixed ahead of US CPI print

The US Dollar (USD) is holding its head above 102 for now, though traders and markets are shouting that it will sink lower this Thursday.

Forex

The W Pattern Trading – A Complete Guide

<p>Trading is not only about instinct it has evolved into a science that aims to identify continuation patterns that help investors identify trend reversals.  Information constitute investment a

Copyright © 2024 | WordPress Theme: Xews Lite