As I mentioned before Canadian dollar is gaining strength. It was punished enough by the market and now is coming back. I have a large long position here I think is going to break out. The inverted HS (not confirmed yet) on the weekly timeframe looks promising.
Note
Still long here. I expect a bounce of the support area. If price breaks down the support I'll take the loss.Note
I'm holding this longer that I first thought. It didn't go the way I expected but I still think there is great potential to the upside. Price is dropping and heading to a strong support. I expect a strong bounce from it. It could take a couple of weeks, but it is worth the waiting:
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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.