SHORT TERM ANALYSIS:
After a break of the 1.39359 resistance, USDCAD seem to going back to its bullish run. A clean retracement has been made and I expect USDCAD to go higher from here on.
LONG TERM ANALYSIS:
USDCAD flat for now
long @ right now
stop @ 1.393 region
T/p @ 1.39755 region
After a break of the 1.39359 resistance, USDCAD seem to going back to its bullish run. A clean retracement has been made and I expect USDCAD to go higher from here on.
LONG TERM ANALYSIS:
USDCAD flat for now
long @ right now
stop @ 1.393 region
T/p @ 1.39755 region
Trade active:
Despite USDCAD going down lower then expected. It is still within a trend line and has the potential to reacher higher.
Comment:
General direction of the pair seems to be correct. Next time i'll adjust the stop loss for a better analysis