USD/CAD has finally broken out of the bear channel/bull flag and closed near its high on the Weekly chart. Current price is at 1.38750 with a nice gap to fill at the bear channel high of 1.40000. This is an ideal Daily or Weekly scalp, placing your stop below the channel top of 1.37000 or the Weekly 9EMA. That creates a Risk/Reward Ratio of 2:1, which means your...
Hi dear traders!
USDCAD is ridiculously moving! No decision can be made now. We just have to wait and see which way the trend goes.
We enter the position in its corrective movement from any side that it left. The targets are marked on the chart.
It is not always necessary to trade. Sometimes it pays to wait
Be healthy and wealthy!
Do you agree with me? Tell me in...
I will scalp long USDCAD on a close above 1.2520 until another short play presents itself. I still hold short positions in this pair, but the dollar is looking to head up over the next few days and possibly into next week before turning south. USDCAD has presented itself for a possible long play if we can close above the recent daily high of 1.2520. This opens up...
