Joseph_Yabwa
Short

USDCAD Expecting A Down Move

FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD is currently in a corrective structure and I'm expecting a down move to come shortly although we have a short term buy setup. We are still bullish on a higher time frame but the current market structure suggests one more downward move before we continue our bullish trend .

Any opposing views or comments are welcomed

Comments

This is excellent!
+2 Reply
Joseph_Yabwa Cornell100
@Cornell100, Thanks bro
Reply
Technically Yes I agree with you.

Fundamentally, I disagree.

I vote for Fundamentals.

Let's see how it turns out!
+1 Reply
Joseph_Yabwa OriginalizeFX
@OriginalizeFX, I think looking at what's going in the world right now, fundamentals are the major thing controlling the markets so i won't be surprise if you are right but I'm a technical trader so price action and strcuture is my forte
Reply
Joseph_Yabwa OriginalizeFX
@OriginalizeFX, Thank you for your point of view tho
Reply
Perfect analysis bro
+1 Reply
Joseph_Yabwa nkanyisoZ
@nkanyisoZ, Thank you bro
Reply
No surprise here as OIL is on the rise. Pair correlates to oil -90% over long period. OPEC deal coming believe it or not! Putin saying "48.00 is the level" Don't be short,put, or what ever you call selling!
+1 Reply
@Rmcgoo21, Yes you are absolutely right
Reply
Thank you :)
+1 Reply
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