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JasonSong
Aug 18, 2020 10:02 AM

USDCAD: Seeing a solid breakout Short

U.S. Dollar/Canadian DollarFXCM

Description

This pair seems now breaking two supports with solid bear candle. And we're expecting USOIL to go up. So in a long term, I think this pair may keep dropping and that's the direction. But be patient with the entry level, awaiting a bouncing up to short term resistance would be a good opportunity to short.
Comments
Petros75
Great analysis as always, Jason. Thanks for sharing ideas. All the best.
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