TradersClassroom

USDCAD Weekly Bat and Cup & Handle

FX:USDCAD   U.S. Dollar/Canadian Dollar
42 0 0
This pair has decimated the shorts over the past few weeks. I see more upside and will not look to short until the 1.55 level. This area coincides with a cup and handle completion and a bat pattern completion. Two charts are expected to complete at or just before 1.55. We may see a pullback soon but any good pullback should be bought up as I don't feel this is going to be the true top. Be careful on this pair moving forward. It's obviously very volatile.


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