DXY is indicating slight weakness (possibly just a retracement). BOC's Poloz speech put USDCAD on steroids last night.
I've actually shorted this pair from 1.33545, so I'm around ~40pips in profit at the time of writing. I expect the price to dip a little bit before shooting back upwards towards the upper trendline. However, if it breaks below the WPP (light blue line), we can expect price to go closer towards the bottom TL.
I've actually shorted this pair from 1.33545, so I'm around ~40pips in profit at the time of writing. I expect the price to dip a little bit before shooting back upwards towards the upper trendline. However, if it breaks below the WPP (light blue line), we can expect price to go closer towards the bottom TL.
Note
USD is too strong at the moment. Nonetheless I'm holding my shorts until there's a clear break of the upper fib line.Trade closed: stop reached
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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.