Usdcadsignal
USDCAD - Sellers bewareThe USDCAD swing trend has been a solid bear for days. However, that might be changing? resistance is broken and a lot of trending indicators are signaling a new buy signal. Is it time for the Bulls to have a run?
I'm long @ 1.3240 with a stop just below 1.3200. I understand the risks associated with picking the bottom (or trying to pick the bottom) of a swing trend, but my indicator is pretty darn reliable, so we'll see :D
No real news to worry about for a couple days.
Bearish Bat pattern : USDCADGood to start Mondays like this...
B Point of our pattern is almost near 61.8% which results in deep bat pattern completion just around X, which reduces our risk too.This pattern has very good risk reward , even our initial targets have more than 1:2 ratio.
As of now USDCAD is about to complete the bearish bat pattern and its just short of 37 pips from our entry level.
If you agree hit likes / Comment your views...
Happy Trading !
