USDCAD - Wedge with Long Term Support
Everyone is watching the shorter-term wedge on Ucad. Some are betting on the bounce and others on a breakdown to lower prices. The safer big money bet is waiting for long-term support and building a position trade to hold for weeks, possibly months. Nice returns with less stress. More beach time.
Additional Note: if you are trading a more significant equity account (i.e., 10m+), these long-term support levels are excellent price points to jump in with minimal slippage. The algos typically size in larger positions at these levels and create a nice liquidity flow. Patience wins the race.
As always, trade safe, trade smart...
-Riff
Additional Note: if you are trading a more significant equity account (i.e., 10m+), these long-term support levels are excellent price points to jump in with minimal slippage. The algos typically size in larger positions at these levels and create a nice liquidity flow. Patience wins the race.
As always, trade safe, trade smart...
-Riff
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