Technical Analysis
Let do a complete breakdown to see what the market give us
https://www.tradingview.com/x/YuBg2Be7/
From the above weekly timeframe after the price brokeout the trendline and support level the price has come back to that level serving as a resistance level. Also the price has retraced at the 60 fib level so due to this the price is likely to come down.
https://www.tradingview.com/x/IoeySovI/
From the daily timeframe the price is likely to move up and test the resistance trendline and if that happens, look for shorting setup on the lower timeframe and go short.
Order Flow Analysis
Let us see what the commercial traders and the hedge funds are doing. From that we can see that they are shorting the dollar and that makes the Canadian dollar strong .
Net position is moving from the 20k to 372.
So this confirms why price is shifting to the downward side.
DISCLAIMER: This analysis can change anytime without notice and it's only for the purpose of assisting traders to make independent investments decisions. Please this is a PREDICTION and I have no reason to acts on it and neither should you
Let do a complete breakdown to see what the market give us
https://www.tradingview.com/x/YuBg2Be7/
From the above weekly timeframe after the price brokeout the trendline and support level the price has come back to that level serving as a resistance level. Also the price has retraced at the 60 fib level so due to this the price is likely to come down.
https://www.tradingview.com/x/IoeySovI/
From the daily timeframe the price is likely to move up and test the resistance trendline and if that happens, look for shorting setup on the lower timeframe and go short.
Order Flow Analysis
Let us see what the commercial traders and the hedge funds are doing. From that we can see that they are shorting the dollar and that makes the Canadian dollar strong .
Net position is moving from the 20k to 372.
So this confirms why price is shifting to the downward side.
DISCLAIMER: This analysis can change anytime without notice and it's only for the purpose of assisting traders to make independent investments decisions. Please this is a PREDICTION and I have no reason to acts on it and neither should you
액티브 트레이드
Short trade active Risk/Reward Ratio: 4.0
Target Tp: 380pips
Trade safe
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.