Its seem that 1.33300 is good line to go for short as price draw near to it. However, what's worry me is there is possibility at least in this case, the history maybe will repeat itself.
I draw grey box with red arrow to see the overall price movement and compare to latest price movement. Seem history repeat itself.
If i ever want to short at latest yellow box, will it yield the same consequence as the first yellow box. Green arrow is my prediction.
Its been awhile USDCAD going for uptrend. I will think to go long when price draw near to my blue trendline. As for now, short for me...
I draw grey box with red arrow to see the overall price movement and compare to latest price movement. Seem history repeat itself.
If i ever want to short at latest yellow box, will it yield the same consequence as the first yellow box. Green arrow is my prediction.
Its been awhile USDCAD going for uptrend. I will think to go long when price draw near to my blue trendline. As for now, short for me...