USDCAD potential long
Updated
Current premature buying happening. I believe price will go lower still to historical monthly pivot and a short rally thereafter.
The recent rise of oil prices is whats bringing the price lower due to supply uncertainty and weather, but I believe they will all be short lived.
Will only buy when price drops lower into the zone and into 1.2775 area. Bullish reversal patterns is of course mandatory.
The recent rise of oil prices is whats bringing the price lower due to supply uncertainty and weather, but I believe they will all be short lived.
Will only buy when price drops lower into the zone and into 1.2775 area. Bullish reversal patterns is of course mandatory.
Note
Did not manage to execute trade although it went in our favour. On to our next trade!
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