USDCAD Weekly Outlook 3/6
I believe USDCAD is in an uptrend as it just violated a recognized LPOTM. Will be watching retracement to potentially get in on long side.
Note
Had UCAD retraced further I would have held my earlier sentiment that this is an uptrend to new highs, but its decision to keep running without a retrace is making me feel like this may be a retracement to premium pricing before pushing to new lows. Idea invalid above red line Note
Waiting for price to shift.
Note
Risk entry as price ran liquidity up into POI refinement. First TP just before what would be E.S. Final TP at A.lows at opposite end of range.
Note
Trade closed: stop reached
Always wait for confirmation
Trade active
Let the algo show you its hand.
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.
Let the algo show you its hand.
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.