banks are selling Canadian dollar to institutions ...

as @Canada breaks the down channel to the upside , loony have one of 2 choices
1- retest the upper boarder of broken channel ( 80%)
2- boost the buy pressure of $USDCAD(30%)

so what we have to do ?

from my point of view as banks selling shares to institutions (smart money) this week usdcad will move lower
nonetheless smart money are bet on selling #usdcad

break it down
i have to see a clear signal ( break out bullish trend line ) to target the upper boarder of ascending channel
USDCAD

Сделка активна:

sell activated waiting to see how big money may react