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By Full Bio Follow Linkedin. Follow Twitter. Read The Balance's editorial policies. Reviewed by. Full Bio. Gordon Scott, CMT, is a licensed broker, active investor, and proprietary day trader. He has provided education to individual traders and investors for over 20 years. Article Reviewed on July 28, If you feel you are being scammed, contact the U.

Commodity Futures Trading Commission. Article Sources. The Balance uses cookies to provide you with a great user experience. By using The Balance, you accept our. The price is still outside of the channel and probably we can see quite soon an upward movement. Targets: 1.

The price retested the broken pattern and now we can see for buy opportunities again. Thank you and Good Luck! Truly Appreciate you taking the time to read my analysis, and if you feel generous and kind today, give it a like and leave a comment it will support the creation of new free ideas for you. Potential head and shoulder pattern at the weekly structure. I will wait for a break and close below the neckline before considering The price looks ready to break above the channel and probably we can see a change in the direction of the trend as well.

Remember to add a few pips to all levels - different Brokers! Leave us a We see the price reversed from the HTF rising wedge structure, and we can clearly see strong bearish impulses and corrections to push the price down. Latest price action shows us another LTF bearish impulsive move, and now a continuation correction form.

Either we can expect this is all the In February, the price broke through the strong resistance level of 0. The last time it was at this level was in March This breakdown was a continuation of the downtrend, which has been continuing since September. However, now the price is near the strong support zone of 0. And I expect the price to bounce This market made an impulse move to the downside as you can see on the chart, no I expect the market to correct to FIB 38 level, also USD-CAD is trading in a downtrend In a falling Channel Which is still unbroken And the pair is now hitting upon the resistance confluence On lower timeframes I can see a bear wedge So I am still bearish biased, but I would wait Till we see a conclusive move to the downside IF however, we see a bullish We only receive commissions from trades, so we are most interested in you trading long State Road 46, Riley, IN - We do not have the ability to make The site owner hides the web page description.

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