USDCAD is showing nice price action we have broken uptrend with strong engulfing candle on the monthly and price retested the supply zone.
Weekly uptrend is as well broken and we have lower low created. Now on daily we have uptrend, but !!
When I was checking the COT positions (check it on my blog link is in description) I m seeing that the banks has flipped to the bearish sentiment. So this move up on the daily is short term and its the position building. We will soon see the supply step in.
Weekly uptrend is as well broken and we have lower low created. Now on daily we have uptrend, but !!
When I was checking the COT positions (check it on my blog link is in description) I m seeing that the banks has flipped to the bearish sentiment. So this move up on the daily is short term and its the position building. We will soon see the supply step in.
Trade closed: target reached
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