A lot of traders are waiting for USDCAD to follow its previous trend to the upside.
I still think this could be the biggest bear flag ever and it broke down a few days ago.
As I'm waiting for the OIL drop and Trump to step in his office with lots of surprises - USD weakening plans - I make a call for USDCAD to testback the trendline and continue its long way to the downside.
If I'm right we shoud see a reversal today or tomorrow.
Notice the volume. Someone is buying CAD heavily...
I still think this could be the biggest bear flag ever and it broke down a few days ago.
As I'm waiting for the OIL drop and Trump to step in his office with lots of surprises - USD weakening plans - I make a call for USDCAD to testback the trendline and continue its long way to the downside.
If I'm right we shoud see a reversal today or tomorrow.
Notice the volume. Someone is buying CAD heavily...
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I corrected the trendline a little bit. if the 09.12. breakdown was just a false breakdown than the lower trendline looks like this:
Comment:
In this case we had a perfect testback of the trendline today.
Tomorrow will give us the answer...
Tomorrow will give us the answer...
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Trendline is still holding...
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So far so good...
It seems we had a trendline backtest...
It seems we had a trendline backtest...