A #short trade opportunity recently presented itself on the #dollarloonie (#USDCAD) #trading chart 📉.
This is indicated by the #bearish engulfing candlestick 🕯️ pattern on the 1.38706 horizontal resistance level.
This indicates a fakeout of the same level, with potential price move in the downward ⬇️ 👇 direction (#sell).
Sufficient downward momentum should see price dumping towards the 1.36000 psychological level and possibly testing the strength of the 1.35716 horizontal support level.
As always, please apply appropriate risk management: you might want to keep your eyes on the US Unemployment Claims figure due to be released at 13:30 (GMT+1).
Happy trading!
#majorpair
This is indicated by the #bearish engulfing candlestick 🕯️ pattern on the 1.38706 horizontal resistance level.
This indicates a fakeout of the same level, with potential price move in the downward ⬇️ 👇 direction (#sell).
Sufficient downward momentum should see price dumping towards the 1.36000 psychological level and possibly testing the strength of the 1.35716 horizontal support level.
As always, please apply appropriate risk management: you might want to keep your eyes on the US Unemployment Claims figure due to be released at 13:30 (GMT+1).
Happy trading!
#majorpair
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。