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.
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killing it.. expecting a short on Wednesday US session..
Komentarz
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95 pips since running.. close partial profit or close your trade if you are a conservative trader.
Komentarz
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120 plus pips as of now.. close or keep it open ,,, choice is yours.