moorekapital

USDCAD: RUNNING INTO KEY HOT ZONE

moorekapital Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
10
Price Action From here would be interesting!
1.42300-1.43200
Comment:
And so , we punched through this KEY HOT ZONE soo hard!

As it stands, PRICE ACTION doesn't show any rejection of Higher Prices. (Hence, going short Is risky for me)

However, Such huge bars , late in trends, often show climatic behaviours., And this could send prices lower, But This isnt my style. It's better to follow after the footprints of price.
Comment:
Bulls and bears exchanged hands here.
Pretty clean! ;)

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.