USD/CAD technical long
The pair is trading in our buying zone, so there are two main options:
(1) go long at current price, with big r&r.
(2) wait for confirmation from stochastic crossing back from oversold coupled with a break of the descending trend-line
We favor the more conservative 2nd alternative, and so we're following further developments in the near future.
(1) go long at current price, with big r&r.
(2) wait for confirmation from stochastic crossing back from oversold coupled with a break of the descending trend-line
We favor the more conservative 2nd alternative, and so we're following further developments in the near future.
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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.
Related publications
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.