USDCAD downside expected
Updated
Traders,
USDCAD is in a down trend for a while. It made a nice .618 retracement to the resistance.
After hitting this level the bulls seams to have trouble breaking out.
Likely to see some more downside.
Best regards
USDCAD is in a down trend for a while. It made a nice .618 retracement to the resistance.
After hitting this level the bulls seams to have trouble breaking out.
Likely to see some more downside.
Best regards
Note
Great move we've picked up! Move stoploss to BE should the price break to the lows ?
Trade closed manually
Closed position at 90% of target 1 after the "Fed Chair Yellen Testifies" news. We may get another oppertunnity or a breakout.
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