- Currently we see the market is bearish on the 1D time frame - Since CAD is affected by the oil price we are waiting for the buyers too loose strength - This could be at the resistance line of the downward trend for the 1D
Stay tuned to see if we will be entering this week.
Comment
- This trade although it broke out of the resistance line does necessarily mean go long as yet. - Would like to see the test of the resistance line before i go long - Oil price is driving the uptrend.
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