USDCAD – Sellers are strongly pushing downside

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USDCAD – Sellers are strongly pushing downside

Trend: Strong Sell

Support/Resistance:

R3: 1.32532

R2: 1.31900

R1: 1.31349

S1: 1.31014

S2: 1.30410

S3: 1.29754

Price action:

Sellers are strongly pushing way down to reach lower targets. Flow of this market is moving downside. We might see later buyers reactions after reaching lower and stronger support levels. Position to sell and potencial trade will be at best point under S1, only after sellers can hold below recent Lower Low level.

Potencial trade idea:

Bulls targets:

T1: 1.32532

Bears targets:

T1: 1.31014

T2: 1.30410

T3: 1.29754

NOTE – We are trading USDCAD via the preferred trading setups

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Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.


Keywords:
Elite strategy, Custom Indicator, fundamental analysis , Tehnical analysis, Price action, Advance strategies, Trading Education

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