Possible Reversal on USDCAD
Updated
Pretty solid channel forming on USDCAD, price is currently approaching top of channel shown. Recommended move is to place sell stop 10-20 pips below current price and wait. Should be able to have a large risk/reward ratio.
Note
Price has broken through top trend line. Trade idea is now invalid
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.