This is very corrective structure and a big short is coming on USDCAD. Despite USoil Selling off I can see a dramtic decline in the USD in the next couple of weeks or months.
Many of the major USD pairs are are very key inflection areas. Lets see if price reaches the blue zone to give another touch of the resisting TL to go back to the downside. Long Term I am targetting 1.31 Level
Let this pair give more structure and play out.
Will be updated on my telegram group.
Many of the major USD pairs are are very key inflection areas. Lets see if price reaches the blue zone to give another touch of the resisting TL to go back to the downside. Long Term I am targetting 1.31 Level
Let this pair give more structure and play out.
Will be updated on my telegram group.
Trade active:
I have entered USDCAD long!
I have entered USDCAD long!
Trade closed: stop reached
Waiting for 1.36500 level of value to look for shorts. We also have only broke the TL but a break of support could see a push down with the dollar weakness showing.
However, DXY is at a support and I am anticipating another push up on the USD. This should get us up to my area of value.