USDCAD 1h Textbook Triple Bottom

FX:USDCAD   美元/加元
I believe a triple bottom is forming on this pair, with each bottom being a higher low, indicating the end of bearish pressure and momentum.
(Note: the higher lows are indicative of an emerging bullish pressure due to sellers being unable to push price down below the last low)

Triple top and bottoms are known as reversal formations, when the market is getting ready to reverse from one trend, into another.

The third bottom has not yet fully formed.

The resistance neckline for this structure is the resistance TL in purple.

To trade this, I am waiting for price to approximately follow the arrows, with a target of slightly below 1.3160, and a stop loss of slightly below 1.3000, as it is a round number and therefore an important psychological zone.
评论: Ah yes, there is it.
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出