Dear traders, USD/CAD has slowed down after hitting the top
of the price channel on the daily chart.
If the channel resistance holds, we can expect USD/CAD to gradually
fall back to the bottom of the channel.So, selling the rallies in
USDCAD@1.3800-1.3840, SL : 1.39 and TP : 1.3570 is a probable sell trade.
of the price channel on the daily chart.
If the channel resistance holds, we can expect USD/CAD to gradually
fall back to the bottom of the channel.So, selling the rallies in
USDCAD@1.3800-1.3840, SL : 1.39 and TP : 1.3570 is a probable sell trade.
Trade active
Sold@1.3830Trade closed: target reached
Closed@1.3654. Profit : 176 Pips
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.
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.