in this analysis, we see a potential short position. It's doesn't unlike to happen a long position from the support in $1.3356 CAD to $1.3484 CAD. But I will be pending if in $1.3356 CAD will form a bullish signal by price action to take in note. But we see that USD/CAD in H1 timeframe it's ready to down, but I will pending also this support in $1.3356 CAD if trying to break out, but the perspective still bearish in USD. The resistance in $1.3443 CAD could be a great point to entry in short. As this par look bearish.
But right now, I will not to trade USD/CAD if we see that make resistance in $1.3443 CAD, we can to short there. And always using price action analysis.
Now, on this Wednesday, we have U.S. Retail Sales what we hope that become bearish in this news pauted to 9:30 am (U.S. Eastern Time).
So guys, we hope that this idea support you to take this trade sure!!! Just wait the perspective of my model
But right now, I will not to trade USD/CAD if we see that make resistance in $1.3443 CAD, we can to short there. And always using price action analysis.
Now, on this Wednesday, we have U.S. Retail Sales what we hope that become bearish in this news pauted to 9:30 am (U.S. Eastern Time).
So guys, we hope that this idea support you to take this trade sure!!! Just wait the perspective of my model
In Daily timeframe, USD/CAD still bullish in this phase
For the moment, I'm long USD/CAD, And I change the SL in $1.3428 CAD, based in my own technical analysis there.
We hope a bullish movement in USDCAD