USDCAD has broken his bull channel.
Prices should go down to test support at 1.2810. A rebound to test the lows of the channel is still possible around 1.2960 but would not invalidate the bearish move.
If 1.2810 breaks next target will be at 1.2680 region
Invalidation only of bearish move only if prices goes above 1.3005 on a daily close
Prices should go down to test support at 1.2810. A rebound to test the lows of the channel is still possible around 1.2960 but would not invalidate the bearish move.
If 1.2810 breaks next target will be at 1.2680 region
Invalidation only of bearish move only if prices goes above 1.3005 on a daily close
Trade active:
I have a TARGET around 1.2495. Maybe a little too low but for now I keep my short trades...