UsdCad(Short, long term)

21 ก.ย. 2019

First off, i started with a top down analysis and what had stood out to me is that on weekly and Monthly, Market is making a bearish W(1st Take Profit around 1.289). Also, It had broken Trendline and is respecting 38.2(fibs). Going down to daily you can see a double top as well which pushed the market down. One thing I dont like is how market didnt respect the neckline of the double top and is in that area, Daily has made no new highs which is good. As for now this pairs is still a sell and will be looking for entries on H4