Possible sell scenario for the USDCAD
Although, having conflicting signals from the COT report from last week. Where we can see that institutions are shorting the CAD currency. It is expected to see other currencies gain strength against the CAD. I saw this nice setup from my technical analysis.
The pair is at a nice supply level where i am expecting to see a further push to the downside;
I am risking just a quarter of one percent on this trade.
USDCAD is a volatile pair so trade with caution!!
The pair is at a nice supply level where i am expecting to see a further push to the downside;
I am risking just a quarter of one percent on this trade.
USDCAD is a volatile pair so trade with caution!!
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