Lingrid | USDCAD trend CONTINUATION Opportunity

Jun 25The price perfectly fulfills my last idea. It hit the target level. The price has broken through the support levels, ending the consolidation phase and triggering a downward extension. The recent rejection candles at the resistance zone suggest that bears are gaining strength. On the 1H chart, the market is clearly in a downtrend, and I expect a further decline if the price rolls back to the resistance zone. On the 4H chart, the market is situated within a large consolidation zone, and the price is heading towards the bottom. My goal is support area 1.36210

Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩‍💻

Jun 25

Comment

The market hit the TP