EvergreenWealthAdvisor

USDCAD Short after bullish rally

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
I'm expecting USDCAD to go down based on my technical analysis.
The price is reaching the initial point of interest an is starting to range.
I'm waiting for a liquidity sweep before entering in position.

This analysis got add confirmations through :

USD Index (Starting being bearish)
CAD Index (Bullish)

COT Report showing accumulation of USD Short positions.

If you like this kind of forecast let me know with a comment or a like.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.