Profile image
By FX Instructor (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

USD/CAD – Sell setup in 4 hours chart

Wednesday, March 29, 2017 12:33
% of readers think this story is Fact. Add your two cents.

(Before It's News)

3-30-2017 12-22-20 AMTrend is bearish in 4 hours time frame. Vital resistance area is present at 1.3420 price level. Price action has showed some signs of a sideways pattern which looks like a Double Zig Zag Elliott Wave pattern at Wave 4 location.

To me; it looks like a clear sell trading chance to join the down trend and ride bearish Impulse Wave 5. However; in case price rise above 1.3420 strong key resistance level then down trend is going to end. In such case, I would prefer to stop myself from trading and re-analyze price action in USD/CAD currency pair.


Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.