dcm2020

USDCAD: keep watching 1.1917 area for a top.

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
Hi guys,

USD/CAD is the pair that is on my watching list for this week and is very interesting. The level that I am watching is 1.1917 which can a trend line from 07/2013. Also lets keep in mind that the H&S has already hit target and looks like we are in 5 waves up in this pair. Time for correction or reversal? I don't know, but thing is for sure, if he gets around 1.1900 will be very interesting and I am try short with tight Stop loss.
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.