In the short term chart (60 min) I see something very bullish developing. But that doesn't change the fact that risk is more appealing if bets are to the downside. If I'm wrong on this short I may look to go long.
Hello, Lanmar! Thank you for you have posted USDCAD pair. It is one of the most popular trade pair in the world. I also see bullish way now (in short term only !). If we look at W chart we could see 2 levels - 0.382 correction level (1.333) and Ichimoku Base line (kijun-sen) which is about 0.5 correction level (1.36). I prefer to short from 1.31-1.33. What do you think?