The USD/CAD is trading at a well defined support and resistance level, coupled with oversold stochastic and a good kumo future in supportive terms, and a clear up trend, we're happy to take a long position on the pair, with a tight stop and a plan to move it to break-even when we meet the latest swing high levels.
Comments
AYosof
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down trend now on the go in hourly?
SamKent
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We would not qualify current price action as a down-trend, for that we'd first need to see the pair make a lower high swing point.