TomProTrader

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

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

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
Tom

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Or somethink in long therm watch for 1,5200
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I have similar visions, and I think the market is waiting a short correction
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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.
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Be careful with this one you guys. It's harder to trade than anything else i've posted today, so be nimble.

Tom
+1 Reply
moneymaking TomProTrader
Yeah, definitely need to stay on the conservative side for this one. Thanks mate :)
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One more day...Looks really good mate.
+1 Reply
moneymaking IvanLabrie
Agree :)
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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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