Hi, as you can clearly see on the chart, USDCAD is getting weaker and weaker and this is proven on the awesome oscillator show bellow, we can see higher highs on the chart while lower lows on the awesome oscillator. this is called Divergence and it indicated a reverse! We can also see the retest of the price to test out the resistance and this even proves more that the price would go down
TP1 is going most likely going to hit, I would recommend a partial close on TP1 if entered!
Trade with caution and do not forget risk management!
Goodluck!
TP1 is going most likely going to hit, I would recommend a partial close on TP1 if entered!
Trade with caution and do not forget risk management!
Goodluck!
Comment:
We hit TP1 with ease, closed 90% of my position on tp1 and then hit SL due to the news that came out!