USDCAD / 4H
USDCAD has been trading in a bull trend. But recently, the pair started showing signs of weakness suggesting that we might have a deeper correction on this pair.
For our next week's watchlist, we will be looking to short this pair with potential scaling (adding on position) if our analysis is confirmed.
Trade safe,
Trader Leo.
USDCAD has been trading in a bull trend. But recently, the pair started showing signs of weakness suggesting that we might have a deeper correction on this pair.
For our next week's watchlist, we will be looking to short this pair with potential scaling (adding on position) if our analysis is confirmed.
Trade safe,
Trader Leo.
Note
I'll go for the second scenario, Oil is still dropping making the canadian dollar weak.
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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.
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.