monetico

USDCAD to the next level in case of support breakout confirmatio

monetico Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
I guess there would be a good entry point in a few days, but looks like the price rejected an important level. If there is no enough power to break such a level, it indicates to me that the up movement is weak. I guess if the breakout below 1.3497 is confirmed - it should go even lower to the next level. Let's play this game.
Trade active:
Wow, I was not sure but it is good. Anyway, the trade has not been opened because it is in opposite direction of the latest known trend. I will not be publishing any forex ideas in the closest future because I decided to focus on cryptocurrency to build a profitable system first. Then I will rollout the system to forex.
Trade closed manually

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.