USDCAD LOOKING LIKE ITS HEADING HIGHER

Hey traders,

My analysis on USDCAD has changed. It seems like price has been consistently forming higher highs and higher lows now.

Price is trying to break through the previous high of 1.3270 currently.

Today on the daily chart's we had a huge bullish close which engulfed the previous couple of candles.

I see a move to the upside until the upper blue trend line.

Simple price action and analysis.

I was initially short to start the week but my bias has changed due to price action and reanalyzing the charts.

Again I may be wrong with my analysis, but the key to being profitable is risk management.

Cut your losses short and let your winners run.