Big Move Towards The Downside
Fellow Traders,
USDCAD is in a big Supply zone, if we can see a 1 hour candle close below the 1.37836 level. I will look for entries towards the downside. A close below that level confirms for me the downtrend. We have big news coming out today that could help with that 1 hour candle close, I would not touch this until we have that 1 hour candle close formation.
Updates will follow.
As always stay safe and use proper risk management.
USDCAD is in a big Supply zone, if we can see a 1 hour candle close below the 1.37836 level. I will look for entries towards the downside. A close below that level confirms for me the downtrend. We have big news coming out today that could help with that 1 hour candle close, I would not touch this until we have that 1 hour candle close formation.
Updates will follow.
As always stay safe and use proper risk management.
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