USDCAD miscallaneous scenarios.
Daily support may give a buy reversal for short term and we will see how it will proceed.
If daily support breaks and price fails to reclaim it, it will go lower.
For now, the current price action may give a long up to the trend line and fell continuing the channel direction.
So, I am both into long and short opportunities depending on the levels and price action. 40-50 pips of each position is enough.
Daily support may give a buy reversal for short term and we will see how it will proceed.
If daily support breaks and price fails to reclaim it, it will go lower.
For now, the current price action may give a long up to the trend line and fell continuing the channel direction.
So, I am both into long and short opportunities depending on the levels and price action. 40-50 pips of each position is enough.