USD/CAD Short Trade
USDCAD began the week slightly higher reaching as high as 1.2510 but failed to sustain these gains.
USD/CAD: confirmed 'V-Bottom' pattern
2019-11-11 • Updated
The last 'Double Top' pushed the market lower, but there's a 'V-Bottom', which has been confirmed. In this case, we should watch the nearest resistance at 1.3231 as an intraday target. If a pullback from this level and the Moving Averages happens afterwards, there'll be a moment for another decline in the direction of the next support at 1.3117 - 1.3101.
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USD/CAD trade is in profit
USD/CAD managed to advance further yesterday breaking above 1.21, reaching as high as 1.2128 earlier today, while our long signal that was issued at 1.2060 is now in profit with over +60 pips.
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