1. Hugh impulse break above major trend line upward.
2. With this energy upward it has pushed the RSI to a NEW HIGH with regard to being overbought.
3. What goes up must come down :)
I think it's a great Risk to possible reward play here....
Comments
Patladj.
⋅
must come down, indeed it will, but long long time further in the future. These (low) price guotes of USDCAD will not be seen again for years. Prirce will continue upwards in a blink of a eye immediately. Reason is "Dollar Storm".