Price in this pair has not given an entry trigger according to our analysis yet.
CAD gained some strength due to news and bounced from the support we marked.
Usually, candles that move because of news get rejected, and the sell stop we marked is a good trigger for a short.
We don’t have any long positions in this pair for now, as the higher-timeframe cycles are fully bearish.
CAD gained some strength due to news and bounced from the support we marked.
Usually, candles that move because of news get rejected, and the sell stop we marked is a good trigger for a short.
We don’t have any long positions in this pair for now, as the higher-timeframe cycles are fully bearish.
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