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U.S. Dollar / Canadian Dollar
Long
Updated

Going long on the USDCAD

74
the pair is oversold , with oil overbought and other commodity currencies OB as well. USDCAD retraced to the 0.618 % which support a light sized long , anticipating a correction to the 2600-2650 Im long on this pair , 2380 .
Note
Sl moved to b.e
Trade closed manually
Trade closed
Trade closed manually
Trade closed as mkt sentiment is so inclined toward a rate hike.
I prefer staying on the sidelines till the decision day to get a clearer picture of the next trend
mosaad2
Chart PatternsTechnical IndicatorsTrend AnalysisUSDCAD

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Chart PatternsTechnical IndicatorsTrend AnalysisUSDCAD
mosaad2

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.