USDCAD
The trend of the market is down trend.
What does it mean.? Mean sellers has power to roll the market to lower prices of the USDCAD.
ZONE 01 is the supply area, as there is a multiple rejection and price moves to downside at high momentum.
ZONE 02 is the demand zone, where the buyers are likely to have power to take the price high.
Where the price is likely to move for long term?
Since ZONE 01 has multiple price rejections meaning that the possibility of moving price to higher prices is low and is accompanied with trend of the market (Down trend), then for market will have a significant move to the down side.
Where to join the Bears (sellers)?
First option is to enter at current price and second option is to wait for break and retest of a trend line and a demand area (ZONE 02) and stop level above ZONE 01
Where is the target profit?. ZONE 03 and the other lower prices
STAY UPDATE
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The trend of the market is down trend.
What does it mean.? Mean sellers has power to roll the market to lower prices of the USDCAD.
ZONE 01 is the supply area, as there is a multiple rejection and price moves to downside at high momentum.
ZONE 02 is the demand zone, where the buyers are likely to have power to take the price high.
Where the price is likely to move for long term?
Since ZONE 01 has multiple price rejections meaning that the possibility of moving price to higher prices is low and is accompanied with trend of the market (Down trend), then for market will have a significant move to the down side.
Where to join the Bears (sellers)?
First option is to enter at current price and second option is to wait for break and retest of a trend line and a demand area (ZONE 02) and stop level above ZONE 01
Where is the target profit?. ZONE 03 and the other lower prices
STAY UPDATE
LIKE,COMMENT, SHARE WITH FRIENDS