USDCAD - Back to Parity
This is LONG TERM view on USDCAD.
I was waiting for Bat's PRZ re-test to publish this idea for USDCAD. Currently USDCAD is bumping the top line of the channel on chart. Once it fails and drops below TL this idea will be enabled for shorting.
Targets are:
TP1: 1.29
TP2: 1.22
TP3: 1.20.
I believe $1.20 for USDCAD is a CRITICAL level. Going below it will enable "Back to Parity" move but that will be a separate idea. We need to see how drop progresses before making that call.
I was waiting for Bat's PRZ re-test to publish this idea for USDCAD. Currently USDCAD is bumping the top line of the channel on chart. Once it fails and drops below TL this idea will be enabled for shorting.
Targets are:
TP1: 1.29
TP2: 1.22
TP3: 1.20.
I believe $1.20 for USDCAD is a CRITICAL level. Going below it will enable "Back to Parity" move but that will be a separate idea. We need to see how drop progresses before making that call.
Note
Works as expected. Time to secure profitability of this trade.
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.