USDCAD on the monthly chart created a clear double top .
Price has moved inside an uptrending channel before start a discending move.
The market is now close to the lower trendline of the channel and we can expect some retracement before the price will break below.
IF the price will break and close below the 1.30500 we can look for a short position according with Plancton's strategy tartgeting the 1.25 area for mid long therm trade.
āāāāā
Follow the Shrimp š¦
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Price has moved inside an uptrending channel before start a discending move.
The market is now close to the lower trendline of the channel and we can expect some retracement before the price will break below.
IF the price will break and close below the 1.30500 we can look for a short position according with Plancton's strategy tartgeting the 1.25 area for mid long therm trade.
āāāāā
Follow the Shrimp š¦
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Note
everything as expected
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.