USDCAD: Waterfall is starting
Updated
Hi traders,
On the USDCAD we can see that price has broken the real strong upwards trendline. It has been overbought for a long time now. I'm expecting price to make a correction towards 1.34 or 1.33 the next few days.
Not an actual trade setup, just wanted to share my view. If you do want to trade this, place your stop above the 1.36. Maybe you can try to enter at 1.355.
Cheers
On the USDCAD we can see that price has broken the real strong upwards trendline. It has been overbought for a long time now. I'm expecting price to make a correction towards 1.34 or 1.33 the next few days.
Not an actual trade setup, just wanted to share my view. If you do want to trade this, place your stop above the 1.36. Maybe you can try to enter at 1.355.
Cheers
Note
How about that :)
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