as @Canada breaks the down channel to the upside , loony have one of 2 choices
1- retest the upper boarder of broken channel ( 80%)
2- boost the buy pressure of
USDCAD(30%)
so what we have to do ?
from my point of view as banks selling shares to institutions (smart money) this week usdcad will move lower
nonetheless smart money are bet on selling #usdcad
break it down
i have to see a clear signal ( break out bullish trend line ) to target the upper boarder of ascending channel
USDCAD
1- retest the upper boarder of broken channel ( 80%)
2- boost the buy pressure of
USDCAD(30%)so what we have to do ?
from my point of view as banks selling shares to institutions (smart money) this week usdcad will move lower
nonetheless smart money are bet on selling #usdcad
break it down
i have to see a clear signal ( break out bullish trend line ) to target the upper boarder of ascending channel
USDCADTrade active
sell activated waiting to see how big money may react
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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.