All eyes on USDCAD, Daily Uptrend Broke
Updated
Hi !
Technically, it has met all the factors needed for a short position.
Even by all pairs, CAD has taken a great path in the last few days.
Lets not forget about the fundamental view of it.
Oil, and commodity markets are going ham.
Usually it ain't good for the US if based on the past.
Yesterday, NEW HOME SALE for February didn't me the 801K forecast. We were around 700K.
This is not a trading advice, is just me sharing my point of view.
If you are a trader with another point of view, lets share !
Thanks for reading ! Share, Like and comment so we get more visibility.
Have a nice end of week
Carlos
Technically, it has met all the factors needed for a short position.
Even by all pairs, CAD has taken a great path in the last few days.
Lets not forget about the fundamental view of it.
Oil, and commodity markets are going ham.
Usually it ain't good for the US if based on the past.
Yesterday, NEW HOME SALE for February didn't me the 801K forecast. We were around 700K.
This is not a trading advice, is just me sharing my point of view.
If you are a trader with another point of view, lets share !
Thanks for reading ! Share, Like and comment so we get more visibility.
Have a nice end of week
Carlos
Note
Hitted exactly the bottom of the channel who is a parallel to the down trend channel upper line. I am picking up some pips on the way. but for sure this is a downtrend till proved wrongTrade closed manually
Ended the week with nice profit, Hope you all did !See you on monday,
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