Usd/Cad Mapping the Territory w/c 27
Context:
price left the upchannel , the retracement formed a lohwer high near the key level of broken support
at 24000 , which is a sign of weakness , the next level of interrest will be the 50% mark ,any bullish reaction here
and there is a good chance that we test the resistance of 24000 again , pric could be conatined within a range between 24000 and 21600 in the following days,
Signs of strength:
uptrend
Signs Of weakness:
broken upchannel
lower high near resistance
Support:
22760
21600
Resistance:
24000
25000
invezted.com
price left the upchannel , the retracement formed a lohwer high near the key level of broken support
at 24000 , which is a sign of weakness , the next level of interrest will be the 50% mark ,any bullish reaction here
and there is a good chance that we test the resistance of 24000 again , pric could be conatined within a range between 24000 and 21600 in the following days,
Signs of strength:
uptrend
Signs Of weakness:
broken upchannel
lower high near resistance
Support:
22760
21600
Resistance:
24000
25000
invezted.com
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