Waiting for the break below this level.
SHort at .7122 with a target of .7080 the diveregence looks good and my strike indicators are showing a good setup also.
Let me know what you think of this idea.
I think we will see a bounce at the first support level and after the bounce I will be looking for price to hit resistance and drop down two the second support level. Lets see how this goes. Let me know what you think.
I think there is a ton of resistance in this area so I am going to take a short.
WE are breaking up and I can see a nice target in the 1.0850 area.
Fundamentally I am neutral on this pair and that means that techincals should be respected.
I will short if I get a bounce and go long if it breaks.
USD CADBounce or break which way will it go?
This is a chart on Trade View