USDCAD: return to bearish trend?
Since the beginning of this year, the price has been showing a very volatile movement with large spreads in the lows and highs. On this period of time, it is controlled by two main lines + a line of breakout highs. Recently, the price has broken through the resistance line 1.268. It fell to the level of 1.261 and is now reversed. We can expect the price to continue falling to the level of 1.254.
SL - 1.266
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
SL - 1.266
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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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.