USDCAD Long
Trying a USDCAD long trade here
There were a decent amount of people who went short I imagine yesterday as we are at the top of the range and had a hawkish BoC rate hike.
I think if we go back above the point before the rate hike then people who went short will start to become nervous.
Nice double bottom below and an uptrend.
From a global narrative perspective we have a lot of global growth worries, I think this benefits USD and CAD may suffer from another drop in risk sentiment.
Not trading/investment advise, feedback welcome!
There were a decent amount of people who went short I imagine yesterday as we are at the top of the range and had a hawkish BoC rate hike.
I think if we go back above the point before the rate hike then people who went short will start to become nervous.
Nice double bottom below and an uptrend.
From a global narrative perspective we have a lot of global growth worries, I think this benefits USD and CAD may suffer from another drop in risk sentiment.
Not trading/investment advise, feedback welcome!
Note
take profit at 1.32144
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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.
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.