The USDCAD 45-minute chart shows a clear downtrend, with price breaking below a rising channel and retesting a previous support-turned-resistance zone. A bearish breakout has occurred, indicating strong selling momentum. The confluence of trendline resistance and horizontal zone rejection reinforces the bearish bias. Price action has failed to sustain above the marked resistance, suggesting further downside. The setup is based on a break-and-retest strategy, favouring short positions as long as price remains below the resistance zone.
Entry: 1.37200
1st Target: 1.36480
2nd Target: 1.36190
Entry: 1.37200
1st Target: 1.36480
2nd Target: 1.36190
Trade active
Join telegram channel free ..
t.me/GoldMan0009
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/GoldMan0009
t.me/GoldMan0009
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/GoldMan0009
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.
Join telegram channel free ..
t.me/GoldMan0009
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/GoldMan0009
t.me/GoldMan0009
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/GoldMan0009
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.