USD/CAD (1D) Multi-day Short
- Rejection at 200sma on the daily
- Chuvashov fork break
- Rejection at 38.2% fib
- CURRENT weakness in the USD
- Oil has a negative correlation with USD/CAD. Oil is currently trending bullish.
Possible supports:
- 200sma on the 4 hour
- Ichimoki cloud on the daily
- 23.6% fib retracement on daily
My first profit target is 1.29863 or the bottom fork/trendline, whichever is higher. A break of that and I aim to target the low of 1.24616 with a trailing stop loss.
- Chuvashov fork break
- Rejection at 38.2% fib
- CURRENT weakness in the USD
- Oil has a negative correlation with USD/CAD. Oil is currently trending bullish.
Possible supports:
- 200sma on the 4 hour
- Ichimoki cloud on the daily
- 23.6% fib retracement on daily
My first profit target is 1.29863 or the bottom fork/trendline, whichever is higher. A break of that and I aim to target the low of 1.24616 with a trailing stop loss.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.