I believe this pair will retest the support line at 1.874
This is my personal opinion, please trade with proper money management if you agree with my idea
Strong buy might indicate that the trend is changing from downtrend to uptrend in H1 timeframe. Most of the time, we will se a little price correction will happen. I am shorting this with a pending order
I think that the gold is currently on discount. I believe in the longer term that the gold is going upward in a strong uptrend. For now it is uncertain either it is a short downtrend or only a retracement. Anyway, we can try to enter with reasonable trade size with a tight S/L!
For the past 4 days, the price of USDCAD has been in a structural sideway. There might be a correction to happen. We can initiate a sell position with S/L just above the structure.
As we can see. the price has closed below the 200EMA signaling a possible change in trend. We can try to catch an upward pullback by buying now. Trade with small size as we are going against the possibly a new downtrend.
