riffster21

USDCAD - Sellers beware

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
The USDCAD swing trend has been a solid bear for days. However, that might be changing? resistance is broken and a lot of trending indicators are signaling a new buy signal. Is it time for the Bulls to have a run?

I'm long @ 1.3240 with a stop just below 1.3200. I understand the risks associated with picking the bottom (or trying to pick the bottom) of a swing trend, but my indicator is pretty darn reliable, so we'll see :D

No real news to worry about for a couple days.
Disclaimer

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.