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VinnyTheTrader1

USDCAD - long and short scenario

Dollar Américain / Dollar Canadien (FX:USDCAD)  
VinnyTheTrader1 Mis à jour   
FX:USDCAD   Dollar Américain / Dollar Canadien
Trend Analysis Chart Patterns Technical Indicators USDCAD usdcadshort usdcadlong usdcaddaily usdcadforecast usdcadbuy usdcadsell
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trendanalysis chartpattern indicator usdcad usdcadshort usdcadlong usdcaddaily usdcadforecast usdcadbuy usdcadsell
I got plenty of requests to analyze USDCAD so here is what i think! It's channeling down and respecting trendline support and resistance so far. in my opinion USDCAD will be a SELL unless there are more fundamentals favoring USD ( could be for a small pullback trade) but expect 40+pips and then long till either trendline touch (wait for short confirmation) or breakout.

PS: I usually don't trade USDCAD unless there are news events.

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killing it.. expecting a short on Wednesday US session..
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95 pips since running.. close partial profit or close your trade if you are a conservative trader.
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120 plus pips as of now.. close or keep it open ,,, choice is yours.

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