Looking back:
I mentioned about USDCAD in my post on 6th Jan, 2019: "Go short around 1.606"
Weekly Chart:
Bearish candle with rejection of high price
Daily Chart:
Extremely bearish candle
Watch out:
1. There might be a retest zone around 1.328
2. First support might be around 1.3185
3. Second support might be around 1.312
4. USDCAD for long-term still considers bullish. Selling here for me is a counter trend trade.
Action:
Join the Bears around zone 1.328
I mentioned about USDCAD in my post on 6th Jan, 2019: "Go short around 1.606"
Weekly Chart:
Bearish candle with rejection of high price
Daily Chart:
Extremely bearish candle
Watch out:
1. There might be a retest zone around 1.328
2. First support might be around 1.3185
3. Second support might be around 1.312
4. USDCAD for long-term still considers bullish. Selling here for me is a counter trend trade.
Action:
Join the Bears around zone 1.328
