Hello Traders !
The price go up on the USDCAD this week. We could the price forming a new Demand Zone and from there the price shot up. Now we got a very nice daily close on USDCAD. Therefore I expect a nice drop to the Demand Zone. Watch for some kind of addition confirmation before entering the trade. Price Action, Structure, Candle Stick Pattern, ...
Watch Price Action, follow your trading plan and trade carefully friends.
Let me know your view on USDCAD and what you think about my Analysis.
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Thank you and we will see next time
- Darius.