This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
USDCAD has just spiked up triumphantly, however we expect it to lose its steam just as fast.
Price has touched the Daily Trendline (Upper), failing to break through. We expect a reversal is now imminent, provided the Daily Trendline does not break, as price is now significantly overbought.
We expect price now to fall back towards the closest support level, before...
USDCAD has broken through two different trends on the 1H, currently back in a downtrend.
We expect price to continue to S2 upon breaking S1, where it can find support at the Potential Reversal Zone before it begins a reversal to retest the 200 MA.
Trade Setups:
If it breaks S1 in the next few candlesticks, short to S2
Enter long at Potential Reversal Zone, aim...
