Volume is decreasing a lot on the daily timeframe which does not reflect price movements
Also price is testing May ATH and a resistance trendline, so I believe that there is liquidity above the arrow and once price touched this area, it will bounce.
BoC Interest rate decision is in 20min and I expect CAD to gain strength, but I could be wrong, it does not matter.
Go next.
Risk management is key
Also price is testing May ATH and a resistance trendline, so I believe that there is liquidity above the arrow and once price touched this area, it will bounce.
BoC Interest rate decision is in 20min and I expect CAD to gain strength, but I could be wrong, it does not matter.
Go next.
Risk management is key
Note
WTI OIL also rising, but lately correlation isnt that strongCAD up on after the news !
Note
price have to break support trendline yetTrade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.