HIi traders!
Basic technical analysis here, Price has been bouncing between resistance which is also 0.5 FIB extension on last big downtrend. With what happened with DXY yesterday, I thought to myself that when DXY was surging and UC couldn't break upward, it surely won't do it now.
Here is what I'm thinking :
USDCAD SHORT
ENTRY : 1.28328
SL : 1.28999
TP : 1.24151
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Basic technical analysis here, Price has been bouncing between resistance which is also 0.5 FIB extension on last big downtrend. With what happened with DXY yesterday, I thought to myself that when DXY was surging and UC couldn't break upward, it surely won't do it now.
Here is what I'm thinking :
USDCAD SHORT
ENTRY : 1.28328
SL : 1.28999
TP : 1.24151
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.