*Update* USDCAD beautiful move, breakout of wedge!
Updated
USDCAD finally closed below the trendline, very very good on our analysis. Now we can see price push a little bit upwards towards the trendline and continue to keep dropping. We'll keep holding this for the long term perspective and have another sell entry soon when the pullback happens. #sniperentriesonly
Original analysis:
In USDCAD, price is currently sitting at the strong resistance of 1.33388...if we have continuation upwards, we will enter buy positions. If price reverses and bounces off the trendline, we may enter into buy positions, if it continues downwards, we'll be keeping this sell position with an updated take profit later. Good luck.
USDCAD SELL
start: 1.33345
stop loss: 1.33599
take profit: 1.32440
Original analysis:
In USDCAD, price is currently sitting at the strong resistance of 1.33388...if we have continuation upwards, we will enter buy positions. If price reverses and bounces off the trendline, we may enter into buy positions, if it continues downwards, we'll be keeping this sell position with an updated take profit later. Good luck.
USDCAD SELL
start: 1.33345
stop loss: 1.33599
take profit: 1.32440
Trade closed: target reached
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