Potential reversal

13 gru 2016Could it be that USDCAD would see a reversal the next couple of days? Or will the bears countinue to be in control? The price has hit a support level, it seems that there is forming an indecision candle, We can just wait and see. What do you guys think?

14 gru 2016

Komentarz

It does not look like it will reverse right now, but there is still some indecision in the candles. So let us keep an eye on this, if it close above 1.3150 it should be worth a trade.

14 gru 2016

Komentarz

Looks like it is reversing now. Exciting if it reverse again after hitting resistance. Or just breaks it and goes further up.