USDCAD - long and short scenario
Updated
I got plenty of requests to analyze USDCAD so here is what i think! It's channeling down and respecting trendline support and resistance so far. in my opinion USDCAD will be a SELL unless there are more fundamentals favoring USD ( could be for a small pullback trade) but expect 40+pips and then long till either trendline touch (wait for short confirmation) or breakout.
PS: I usually don't trade USDCAD unless there are news events.
Please hit LIKE, SHARE & follow for more ideas.
PS: I usually don't trade USDCAD unless there are news events.
Please hit LIKE, SHARE & follow for more ideas.
Note
Note
Note
killing it.. expecting a short on Wednesday US session..Note
Note
95 pips since running.. close partial profit or close your trade if you are a conservative trader.Note
120 plus pips as of now.. close or keep it open ,,, choice is yours.
Related publications
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.