Canadian Dollar / U.S. Dollar

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Canadian Dollar / U.S. Dollar forum


USDCAD well China put tariffs on Canada so it’s gonna be interesting next week for this pair

USDCAD I messed up and forgot to check on weekly before closing my trade yesterday and it looks like its respecting the weekly trend line, it tapped into it then shot up, so its still very bullish, after im done with my gbpjpy trade, hopefully entry positions appear, knowing this pair, this can either range for the rest of the month or finally go up to 1.465 and above by next week. In my opinion, it is very risky to enter for a swing trade at the moment so my advice is wait since its in the range area but yea good luck to everyone
Snapshot

USDCAD this pair is hard to predict as it swings extremely so slowly. Double up means it’s going down but wait there’s one last umf then down it goes lol


USDCAD This is not good price action! It broke the daily to the downside already on 02/13. Yes it can pull back to the upside, but today it just faked out with a downside move and now it is going up again. Maybe it will reverse down on Monday. Nothing is set stone in trading, as we see here with this pair.


USDCAD well even tho I’m not in a trade anymore it’s nice seeing this is going how I thought it was but it just felt too risky for me to stay in my trade since today there’s a lot that’s going to happen

USDCAD keep in mind always go to higher time frame then lower- for example today- 1hr had a trendline break to the upside- going down to 5min - you are safer looking for a long position-