Potential Long position up to major resistance zone
Stronger CAD in last weeks has created consolidation on cable. But on friday we clearly saw how USD broke out of range and closed above range. I anticipate price moving higher to major resistance back from 2016 and 2020.
For entry wait first for pullback back to new support. Enter only then.
For entry wait first for pullback back to new support. Enter only then.
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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.