Everyone is watching the shorter-term wedge on Ucad. Some are betting on the bounce and others on a breakdown to lower prices. The safer big money bet is waiting for long-term support and building a position trade to hold for weeks, possibly months. Nice returns with less stress. More beach time.
Additional Note: if you are trading a more significant equity...
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Disclaimer!
This post does not...
USDCAD has reached a very strong support that it has not reached since September 2018 and we expect it to make a rejection up to the 1.29400 area. If it has a daily close below 1.27500 then we can expect a decline to the 1.24600 area.
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
