Hello traders, just giving an update on the previous analysis of USDCAD given earlier this week. It seems USDCAD is continuing to move in a strong bearish direction. Price retraced to the entry and is dropping as predicted. Keep an eye for a continuation of the bearish trend and the possibility of new lows forming.
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downside targets almost reached. over 100 pips in profit and counting. Secured 80% profit and moved stop loss to break even for a risk free swing trade.
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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.