USD/CAD Follows the EMA89 Slope

Nenad Kerkez Top-XE

If you had signed up for my Live Trading Webinar that is exclusive with Admiral Markets, you could've seen how the USD/CAD rejected perfectly from 2 POC zones where both market orders were triggered. The pair is still going down and in the case of any spike to the upside pay attention again to POC 1.2990-1.3005 (D H4, ATR pivot, EMA89) and eventually POC2 1.3035-50 (D H5, W H3, descending trend line, ATR high) where price could reject again. At this point the price is below W H3 and D H3, which signifies a strong downtrend. Continuation below yesterday's low (1.2912) aims for 1.2895 and 1.2869. Below it is a void zone, where we could see hardly any support all the way down to 1.2780.

USDCAD Current Trading Positions

Sell 100%

Buy 0%

Avg Sell Price 1.3206

Avg Buy Price 0.0000

Liquidity Distribution

Author

Nenad Kerkez

Top-XE

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