Correction to go up more ? maybe ...

FX:USDCAD   U.S. Dollar / Canadian Dollar
48 7 2
Ucad needs a correction to go much higher 1.7+ in future

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It is too far in the future and I think for all of us it is not practical, as we do not move hundreds of trillions of dollars to start with... I think we need to focus on our daily and weekly plans taking into account the bigger picture.
edyraper Vytasbcn
I do trade smaller swings, but money is in the big swings/trends. Agree with you daily chart is great to build cash, for wealth you need bigger chart imho.
Vytasbcn edyraper
yeah, on that i agree with you, but looking into 6 year move?... or more... Many things can change.
edyraper Vytasbcn
Usdcad sold off from 1.40/50 area 3 times in his history, and been bought from sub 1.xx area, seems like things changes in right place and right time. for now using this chart as indicator, willing to short as close as 1.40 pair may run till 1.50/55 I'll manage it on lower tfs, I'm planing to hold it till 1.10 area. Oil spike might help my USDCAD shorts, will see. cheers
Vytasbcn edyraper
Well, i agree on that analysis.
uc will never go to the moon .. already was rejected from 1.5 .. Now the rejection waves are started , but not above 1.485 .. Its way is down to 0.8
edyraper stream
I'm on techs, I've confirmed this with Oil and DXY PA, it might take ages I will only look for shorts in coming months till 1.10
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