The USDCAD is the final stages of a major consolidation on the daily time frame. However I think we will see another test of 1.33 and likely a break. Short term I will be looking for the end of this bullish impulse of lesser degree. If that turns out to be a consolidation I will look for a buy once that consolidation is over. However be careful and wait for a clear set-up because the bears are gaining strength.
Updates will follow.
Comments
Trillionschifer
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UCad was a beast.... it soared through today... Too bad for me i was on the other end of it... I went heavy with a sell at 1.33000. I got stop out when it punctured the ceiling of the channel and kept going. It was like it 'knew' I was there.... Hunted me down, and took me out. SMH. Lost BIG today, and I have no one to blame but myself.