USDCAD LONG [REPOST]
TECHNICAL ANALYSIS: Nothing really change much for USDCAD , price is following the arrows as drawn the last time.. We may see strength in the USD pair now, however it will not be a sudden spike so we can expect a gradual bullish momentum for the USDCAD . If price can stay above 1.35400, major support, we should be bullish towards USDCAD . Would rather not do anything to this pair at the moment as the reversal upside is not strong yet
CURRENT SITUATION: For this setup to be valid, we will have to look news factor into pushing the USD up. DXY will have to be bullish too to impact this pair. I will not do anything to this pair at the moment, waiting for a long position to come.
*Please note that I am no professional trader, like most of you people. I am still learning and know that trading is only a possibility game. My analysis does not mean it is a signal for entry. If you would like to enter with my analysis, please see if it matches with your analysis & thoughts. I will not be liable for any losses incurred :D *
CURRENT SITUATION: For this setup to be valid, we will have to look news factor into pushing the USD up. DXY will have to be bullish too to impact this pair. I will not do anything to this pair at the moment, waiting for a long position to come.
*Please note that I am no professional trader, like most of you people. I am still learning and know that trading is only a possibility game. My analysis does not mean it is a signal for entry. If you would like to enter with my analysis, please see if it matches with your analysis & thoughts. I will not be liable for any losses incurred :D *
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.