OANDA:USDCAD   U.S. Dollar / Canadian Dollar
21 views
0
Previously bullish on this pair - however recently has been setting lower highs and lower lows - recently hit resistance again at 1.35615 - third test of this level.

Small section of consolidation highlighted in the rectangle - most recent candle seems to have tested the upper bound of this.
Initial thought is a short however not that confident - need to look for more before entering.
Comment: Take profit hit!
Looks to have bounced off previous support - might be looking at buy with take profit at next resistance level - 1.34650...
Comment: Or even wait for a test of 1.34650 resistance and look to short.
Need to pay attention to OPEC news due to the CAD impact

Related Ideas

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out