-Usdcad has created support at 1.33637 with a nice bullish candle printing.
-I would have preffered to see a Big shadow which closes above 1.34065 as a good bullish confirm but that is not the case today.
-For this reason i will be using trade stops instead. My sentiments are open as i will be placing a buy stop at 1.34100 as price will have broken above the range aiming 1.35400.
-On the other hand a break of the support at 1.33660 is a good bearish confirm for me.
-I would have preffered to see a Big shadow which closes above 1.34065 as a good bullish confirm but that is not the case today.
-For this reason i will be using trade stops instead. My sentiments are open as i will be placing a buy stop at 1.34100 as price will have broken above the range aiming 1.35400.
-On the other hand a break of the support at 1.33660 is a good bearish confirm for me.
Good trade indeed