Short Idea
With the oil prices rising and CAD being highly related to crude oil there is a high probability this time to break the resistance after testing it 5 times. A short opportunity can also be supported by the 50/200 EMA crossing.
Long Idea
Testing the price at a psychological level of 1.34000 for 5 times we can't dismiss the idea of bouncing back the resistance again and move towards the 1.36000 mark.
BE PATIENT
Trade safe,
Amaanos
With the oil prices rising and CAD being highly related to crude oil there is a high probability this time to break the resistance after testing it 5 times. A short opportunity can also be supported by the 50/200 EMA crossing.
Long Idea
Testing the price at a psychological level of 1.34000 for 5 times we can't dismiss the idea of bouncing back the resistance again and move towards the 1.36000 mark.
BE PATIENT
Trade safe,
Amaanos