USDCAD LONG [REPOST]
TECHNICAL ANALYSIS: Nothing really change much for USDCAD , price is following the arrows as drawn the last time.. We may see strength in the USD pair now, however it will not be a sudden spike so we can expect a gradual bullish momentum for the USDCAD . If price can stay above 1.35400, major support, we should be bullish towards USDCAD . Would rather not do anything to this pair at the moment as the reversal upside is not strong yet
CURRENT SITUATION: For this setup to be valid, we will have to look news factor into pushing the USD up. DXY will have to be bullish too to impact this pair. I will not do anything to this pair at the moment, waiting for a long position to come.
*Please note that I am no professional trader, like most of you people. I am still learning and know that trading is only a possibility game. My analysis does not mean it is a signal for entry. If you would like to enter with my analysis, please see if it matches with your analysis & thoughts. I will not be liable for any losses incurred :D *
CURRENT SITUATION: For this setup to be valid, we will have to look news factor into pushing the USD up. DXY will have to be bullish too to impact this pair. I will not do anything to this pair at the moment, waiting for a long position to come.
*Please note that I am no professional trader, like most of you people. I am still learning and know that trading is only a possibility game. My analysis does not mean it is a signal for entry. If you would like to enter with my analysis, please see if it matches with your analysis & thoughts. I will not be liable for any losses incurred :D *
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