The USDCAD has been discounted nicely, price violated the sellers on Tuesday by breaking above Monday's high.
This was a buy signal, we have seen a correction, consolidation, and a strong reversal (manipulation/stops hunt) without breaking below the previous Daily low.
We are buying above: 1.2607
Stop: below 1.2580
Target above Momentum High 1.2653
This was a buy signal, we have seen a correction, consolidation, and a strong reversal (manipulation/stops hunt) without breaking below the previous Daily low.
We are buying above: 1.2607
Stop: below 1.2580
Target above Momentum High 1.2653
Trade active
Price is trading above our Long PointTrade closed: stop reached
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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.