Bearish on USDCAD
Updated
Price has nicely been heading south since the break down of the bullish trend line on 4 Dec till now.
There seems to be support at 1.315 so this is a good place to take some partial profits, adjust SL.
If the support is broken, it would be another good selling opportunity as the next target would be 1.304.
All the best !
There seems to be support at 1.315 so this is a good place to take some partial profits, adjust SL.
If the support is broken, it would be another good selling opportunity as the next target would be 1.304.
All the best !
Note
Profit taking - this aggressive green candle pull back will educate us the importance of taking profit else it gets evaporated with such move !Awaiting next week for better selling opportunity.
Note
great opportunity to add short now and aim for 1.32015.Note
Praise Lord for its continuous fall, much to the liking of sellers like us. Now the price has nicely touch the support level of 1.31519 and rebound slightly. Let's observe the next few candles and see if it corrects upward or continue to head south towards 1.312 level.
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