AlkalineFX

USDCAD - Patiently Waiting

FX:USDCAD   U.S. Dollar / Canadian Dollar
I am still not certain on the overall direction of this pair, although the price on the higher timeframes suggests upside movement, I still have a very strong bearish bias on the dollar. I will need to monitor how the DXY and WTIUSD perform on Monday before considering any position on this pair.

I have marked out the levels I am interested in, if price holds firm inside the buy region then we can conider buys, however, if the price closes below the key level marked I will be switching my bias and looking for sells.

COT Data - 73% Long

Comments

if price going down to cross the 32500 then sell

if price going up cross 31655 then buy
Reply
Buy or sell?
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