USD-CAD-SELL
USDCAD - DAY TRADE VIEW.USDCAD - As per my analysis it seems like a bearish flag to me and am expecting a downside reversal.
My approach will be a short sell position at current price 1.33775 increase sell position in case if it reach 1.33850
Maintain stop loss around 1.34250
Potential downside target 1.33450 - 1.32900
Follow the levels as mentioned.
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USDCAD Shortthe pair touched the top line of the descending channel and couldn't break it, it will bounce from there and hit 1.31996 and 1.12486 and my stop loss will be 1.33277
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USDCAD starting to make its move, creating new downtrend. USDCAD playing out beautifully, price broke out of the wedge/triangle and retested the trendline. If we can get a daily close below the trendline, we'll enter the SELL position.
USDCAD SELL
Start: 1.33315
stop loss: 1.33482
take profit: 1.31156
USDCAD still just below the trendline, currently in some profits. Though, there's a good chance BUYS might come in play if the candlestick pushes above the trendline. The thing to monitor is the daily candlestick...red/bearish candlestick.