A corridor in the price range 1.15662-1.16741 formed on USD/ CAD, 1.1666 is quite important resistance level. Buy level of 1.16750 becomes weaker as the trend movement continues for a long time, the price has repeatedly tried to break through this border, so for real trading I recommend to consider sell levels at 1.16400 and closer levels.
I trade using USD/CAD trade corridor approach. Ranges of trade corridor are determined by last extrema on the hourly chart.
My forecast participates in the Market Forecaster contest. Follow the link
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I trade using USD/CAD trade corridor approach. Ranges of trade corridor are determined by last extrema on the hourly chart.
My forecast participates in the Market Forecaster contest. Follow the link
s30878714730.whotrad...com/blog/43180856104
to vote for it and help me win the top prize. Thank you.