Sell USD/CAD on recoveries

Sell USD/CAD on recoveries

2021-11-12 • Updated


SELL 1.3015 SL 1.3080 TP1 1.2915 TP2 1.2730 TP3 1.2675

SELL 1.3055 SL 1.3110 TP1 1.2955 TP2 1.2880 TP3 1.2730

On the daily chart, USD/CAD triggered a “Broadening wedge” pattern. Pullbacks towards 23.6%, 38.2%, and 50% of the wave 4-5 can be used for selling with 161.8% target of AB=CD.


On H1, USD/CAD triggered a “Broadening wedge”. Bears keep dominating at the market. Use pullbacks to 1.2865, 1.3015, and 1.3055 for selling.



US Dollar: A Dump or a Correction?
US Dollar: A Dump or a Correction?

After completing a substantial 4-week bullish rally, the US Dollar closed last week with a big bearish candle, which has led to a 2.63% decline in US Dollar prices. The million-Dollar question on traders' and investors' minds: is this the start of a US Dollar dump or just a correction?

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