USDCAD |New perspective

COnsidering the significant bearish impulse leg identified on the daily time frame, it is evident that the bullish momentum that has been happening since the beginning of the month might turn out to be a retracement of the impulse leg hereby sending out a signal that price action might be heading to the downside in the nearest future.

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Transaction en cours:

140 pips in total (2 positions) running in profit; we want to lock in some profit at this point in time.

Trade fermée: cible de profit atteinte:

204 pips in total (2 positions) in profit;