We are inside the dense supply-demand zone and until the breakout happens upwards, the price will consolidate between the marked supply and demand zone. Let's wait and test and hope this position will be first of a lot for the next week.
Good Luck to All! 😎🙌🏽
#USD #USDCAD #CAD #SHORT
Good Luck to All! 😎🙌🏽
#USD #USDCAD #CAD #SHORT
Comment:
We can observe descending triangle as well. If the price could not go over the descending trend line (thus i do not guess so) the price chart has to fit the form of triangle. Let's see what happens next week. Good Luck Again and Again🫡
Comment:
From the wider look over the chart we can see the breakout of the trendline as well. All these things together increases the possibility of downtrend.
Trade closed: stop reached:
TP 1 hit, but the price went up to the major resistance zone. I do not see any point of keeping the position long, because the chart already made an uptrend and tested trend line 3 times. Also breakup of descending trend took place.
TP 1 hit, but the price went up to the major resistance zone. I do not see any point of keeping the position long, because the chart already made an uptrend and tested trend line 3 times. Also breakup of descending trend took place.
Comment:
Last three levels are hit as per shown in previous comment on the chart