Wait for a possible reversal trade
USDCAD is at a resistance level. Let's see is we a pinbar or engulfing pattern will form there.
If it does I might do a short reversal trade.
We have to wait and see for now.
If it does I might do a short reversal trade.
We have to wait and see for now.
Note
More or less the same goes for EURCADNote
Well, that did not happen ... yet. Only if we see a strong bearish candle today, might we see a reversal. Else I expect some consolidation in the S&R zone.
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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.