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Usdcadsell

USDCAD STILL HOLDING SHORTS UPDATE!Firstly I apologies for my voice I'm currently trying not to lose it LOL, anyway I've still got my short trade open but moving stops to breakeven, we seen price get a bit choppy Friday and I do expect weakness from the dollar... so a sell off or push down on USDCAD I feel is coming, the hard part is getting the best position with the lest risk. Ill monitor price at the start of the week and if I get stopped at break even I will start to map out next short areas.
Short
by jamison_fx
12
USDCAD breaking out?Until farther evidence surfaces, our bias is towards the price continuing to range in the channel we drew. THis means that price will continue to move down. However, it's been in this channel for quite some time and may break out soon, in that event we want to trade the break out as it brings us bigger price movements. BEAR CASE If you want to short here, give it a generous stop loss and check the price action at 1.255 (bottom of the channel), if it breaks down, take the trade. BULL CASE If it breaks the top of the band, 1.275 is our target.
Short
by IkanBilisCapital
Is the channel going to hold for the USDCAD?The dollar cad tested the bottom of the channel like we predicted and moved up higher, it has now tested the top of the channel and faced some rejection, are we going to see a break out? BEAR CASE Until proven otherwise, our bias is to the downside. We expect to see it test the bottom of the channel once more and if it faces rejection there or before there, we know a major upmove is coming for this pair. BULL CASE If a breakout happens, we're targeting 127 to put up some resistance.
by IkanBilisCapital