The USDCAD is having a neutral position at the time of my writing of this idea. However a break downwards signifies that price will continue on a downward spiral but the opposite is also true that is if tests the support level as shown it must continue upwards towards an area of high resistance.
Lastly its beneficial for price to move downwards as this has more rewards than it moving upwards.
Trade with caution, always be a risk manager before you become a risk taker.
More analysis on the way.
Please do follow
Lastly its beneficial for price to move downwards as this has more rewards than it moving upwards.
Trade with caution, always be a risk manager before you become a risk taker.
More analysis on the way.
Please do follow