USDCAD trading a double breakout!
Updated
USDCAD just went out of a very important up-channel. Now, the price is ranging in a very tight congestion phase and sellers seem to have the strength to break this range and push the price down.
The setup of the moving average is not clear. We are far from having a bearish setup, although green and orange MAs are turning down.
Overall, I think this is a trade we should take.
The setup of the moving average is not clear. We are far from having a bearish setup, although green and orange MAs are turning down.
Overall, I think this is a trade we should take.
Trade closed: stop reached
Stop loss reached
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