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USD/CAD: expect a correction
2019-11-11 • Updated
Trade idea
SELL 1.3370; TP1 1.3300; TP2 1.3230; SL 1.3390
USD/CAD has reached resistance of June highs around 1.3386. It briefly tested levels above this point, but then returned lower.
A small “shooting star” candlestick was formed on D1 at the upper Bollinger band. The pair may correct to 1.33.
A break above the recent high at 1.3445 is needed to open the way up to the new highs at 1.3540.
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