UsdCad strength as equities fall
Fundamental idea in header.
Accompanying technicals on the chart. Thumbs up for this perfect triangle! I very rarely get to use them.
PTs 1.31, MA touches, 1.32, all the way to 1.330.
Market still hasn't turned bullish yet... We need to convert the orders in the current blue zone to longs, take out the monthly level within it, AND break the triangle.
Accompanying technicals on the chart. Thumbs up for this perfect triangle! I very rarely get to use them.
PTs 1.31, MA touches, 1.32, all the way to 1.330.
Market still hasn't turned bullish yet... We need to convert the orders in the current blue zone to longs, take out the monthly level within it, AND break the triangle.
Trade active
I added at 1.31367. Market bouncing from the low, I am holding a downward bias on stocks meaning dollar is selling from the correlation. Price below 1.310 is a good indication of this pair downtrending again.
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