USD / CAD Short longterm
Last friday we had a nice push down. Many of traders believed that this is it! It's time to go short on USD/CAD.
I believe that there are two scenarios here.
1. Price will continue up and it's not end for uptrend yet.
2. Price will move up into stop-loss area to take out those and only then we will see fall.
Usually what we can see is that price goes often under/over last highs/lows to take out stop-loss orders before reversal.
I believe that there are two scenarios here.
1. Price will continue up and it's not end for uptrend yet.
2. Price will move up into stop-loss area to take out those and only then we will see fall.
Usually what we can see is that price goes often under/over last highs/lows to take out stop-loss orders before reversal.
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