USDCAD has made a strong uptrend since early Otc . And the trend has last 3 weeks now. We have a left weekly chart that consider a bear signal is about to appear later after when this trading week is finished. That also confirm the weekly trendline is still valid. On the right daily chart, you can find out some bear signal appear early this week that price cant pass 1.313 . This position has been tested 3 times. Alright, now what?
What do you need to do ? Entry to short now ? Hmm, could be possible once a bear signal appear on our strategy. And that would be a trade with a real reasonable and small SL.
And USDCAD has been on our watchlist since 1 wk ago.. Less is more!