SHORT TERM ANALYSIS:
After a break of the 1.39359 resistance, USDCAD seem to going back to its bullish run. A clean retracement has been made and I expect USDCAD to go higher from here on.
LONG TERM ANALYSIS:
USDCAD flat for now
long @ right now
stop @ 1.393 region
T/p @ 1.39755 region
After a break of the 1.39359 resistance, USDCAD seem to going back to its bullish run. A clean retracement has been made and I expect USDCAD to go higher from here on.
LONG TERM ANALYSIS:
USDCAD flat for now
long @ right now
stop @ 1.393 region
T/p @ 1.39755 region
Trade active
Despite USDCAD going down lower then expected. It is still within a trend line and has the potential to reacher higher.Note
General direction of the pair seems to be correct. Next time i'll adjust the stop loss for a better analysis
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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.