⚡️Strifor || USDCAD-17/01/2024
Updated
Preferred direction: Neutral
Comment: One of our best recent trades is long USDCAD. This trading idea has completely worked out and now we are already starting to look closely at selling. However, here too, the conditions and especially the entry point have not yet been formed. The most likely scenario (№1) is additional growth manipulation, as well as the removal of the current seller by stop losses, and then a downward reversal can be expected around the level of 1.35500.
A less likely scenario (№2) involves growth up to the level of 1.36545, from where we will expect a fall with the same goal as in the case of scenario №1, namely the level of 1.34000.
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Comment: One of our best recent trades is long USDCAD. This trading idea has completely worked out and now we are already starting to look closely at selling. However, here too, the conditions and especially the entry point have not yet been formed. The most likely scenario (№1) is additional growth manipulation, as well as the removal of the current seller by stop losses, and then a downward reversal can be expected around the level of 1.35500.
A less likely scenario (№2) involves growth up to the level of 1.36545, from where we will expect a fall with the same goal as in the case of scenario №1, namely the level of 1.34000.
Thank you for like and share your views!
Note
Trading idea is relevantNote
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Trade closed: target reached
🔥Trade with Strifor broker 👉 t.me/+vEBNFbz_wItmNzhi
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