Hey traders !
**This is a risky trade and I am not taking this trade**
Canada interest rate hike have made the CAD much more stronger .
If you want to go long on the usd/cad right now , you need to wait for a good confimation .
If the trendlines are broke , I think it might go down to the next fibonacci retracement level .
Accumulation of :
- Fib 38.2
-Fib 50
- RSI oversold
- RSI divergence
- outside bollingerbands
- Daily/weekly trendlines
- Support zone
Thanks for following me :)
**This is a risky trade and I am not taking this trade**
Canada interest rate hike have made the CAD much more stronger .
If you want to go long on the usd/cad right now , you need to wait for a good confimation .
If the trendlines are broke , I think it might go down to the next fibonacci retracement level .
Accumulation of :
- Fib 38.2
-Fib 50
- RSI oversold
- RSI divergence
- outside bollingerbands
- Daily/weekly trendlines
- Support zone
Thanks for following me :)