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BULL TRAP ON USD/CAD

Analysis as of 29th October 

Hello everyone, good sell sutup surface at USD/CAD on weekly chart wich will be aming at +700pips in time to come!!!!

As of april 30th 2017, the USD/CAD begins it's bearish move afer some large reation rally. the currency fell till 3rd September 2017. The currency begin to see some strenght and this result to some reation rally( bull move) for two months hiting a strong resistance zone which stands as a mojor zone at 1.2858 level.

A false move was spotted at the major zone (1.2858) as price break pass zone but could not close above zone. Which result to a well defined BULL TRAP ( false breakout) this may see the USD/CD around 1.2005 in few weeks or months to come

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About Chiejine Victor

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chiejine victor
Ojo, Lagos, Nigeria
Chiejine Victor founder of Financial Career Fx is a young full time forex trader (TREND ANALYST) He studies the market in daily basis. He set to define that Technical analysis is more important, an art form and less on science. The fundamental of victor’s approach to Technical analysis illustrate the existence of an inefficient market model (PRIMARY TREND)!!!!!!!!!!

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