Taking a stab at shorting USDCAD. Weekly chart - This week we revisited last weeks open and rejected the price. This tells me there is a important price level.
I see a lot of bullish signals but I have a feeling they are a trap since they are so obvious.
DXY is also printing new lows.
With this pull back I am jumping in short with a micro half way pullback. I am looking for the trend line to be broken.
Target is the shoulders of the current inverse head and shoulders around $1.24.
Comment if you are trading this pair.
Good luck everyone and trade and your own risk.
I see a lot of bullish signals but I have a feeling they are a trap since they are so obvious.
DXY is also printing new lows.
With this pull back I am jumping in short with a micro half way pullback. I am looking for the trend line to be broken.
Target is the shoulders of the current inverse head and shoulders around $1.24.
Comment if you are trading this pair.
Good luck everyone and trade and your own risk.