USDCAD: Weakness In Bull Trend- Expect Temporary Pullback #Forex

FX:USDCAD   U.S. Dollar / Canadian Dollar
519 8 7

After a nice extended uptrend, we are touching on a minor correction. The correction is technically pulling back, and the Crude oil             price is giving strength to this pair. It may be wise to be Buying CL1!             futures , and shorting USDCAD             .

USDCAD             is expecting to move a bit lower, before a ricochet scenario, or a deeper correction.

Best of luck

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Or somethink in long therm watch for 1,5200
I have similar visions, and I think the market is waiting a short correction
Hi Friend, I think crude oil will go down once more because of the resistance it is meeting soon. Also USDCAD did not reach the channel top, so I suspect it will flag bull here. Because the highest candle doesn't look like a perfect hanging man. After 4 days still testing the low of the wick, correct me if I'm wrong. You are doing awesome anyway.
Be careful with this one you guys. It's harder to trade than anything else i've posted today, so be nimble.

+1 Reply
moneymaking TomProTrader
Yeah, definitely need to stay on the conservative side for this one. Thanks mate :)
One more day...Looks really good mate.
+1 Reply
moneymaking IvanLabrie
Agree :)
Nice one mate, this lines up perfectly with the bearish crab pattern. Thank you for sharing mate, as always, and all the BEST :)
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