This is LONG TERM view on USDCAD.
I was waiting for Bat's PRZ re-test to publish this idea for USDCAD. Currently USDCAD is bumping the top line of the channel on chart. Once it fails and drops below TL this idea will be enabled for shorting.
Targets are:
TP1: 1.29
TP2: 1.22
TP3: 1.20.
I believe $1.20 for USDCAD is a CRITICAL level. Going below it will enable "Back to Parity" move but that will be a separate idea. We need to see how drop progresses before making that call.
I was waiting for Bat's PRZ re-test to publish this idea for USDCAD. Currently USDCAD is bumping the top line of the channel on chart. Once it fails and drops below TL this idea will be enabled for shorting.
Targets are:
TP1: 1.29
TP2: 1.22
TP3: 1.20.
I believe $1.20 for USDCAD is a CRITICAL level. Going below it will enable "Back to Parity" move but that will be a separate idea. We need to see how drop progresses before making that call.
Commento:
Works as expected. Time to secure profitability of this trade.