Will USDCAD continue the downtrend momentum?
Here, we are waiting USDCAD to form the new Lower High in order to short it.
It has a strong downtrend momentum for the past days and as USD showed weakness on DXY (USD index),
we are going to sell USDCAD from the most optimal area, offering us a very good risk to reward (1:5).
It has a strong downtrend momentum for the past days and as USD showed weakness on DXY (USD index),
we are going to sell USDCAD from the most optimal area, offering us a very good risk to reward (1:5).
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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.