USDCAD Long
Trying a USDCAD long trade here
There were a decent amount of people who went short I imagine yesterday as we are at the top of the range and had a hawkish BoC rate hike.
I think if we go back above the point before the rate hike then people who went short will start to become nervous.
Nice double bottom below and an uptrend.
From a global narrative perspective we have a lot of global growth worries, I think this benefits USD and CAD may suffer from another drop in risk sentiment.
Not trading/investment advise, feedback welcome!
There were a decent amount of people who went short I imagine yesterday as we are at the top of the range and had a hawkish BoC rate hike.
I think if we go back above the point before the rate hike then people who went short will start to become nervous.
Nice double bottom below and an uptrend.
From a global narrative perspective we have a lot of global growth worries, I think this benefits USD and CAD may suffer from another drop in risk sentiment.
Not trading/investment advise, feedback welcome!
Nota
take profit at 1.32144
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.