Let's take a look at USD/CAD at 4H chart. We can see that bulls are in control this week. We believe that movement will continue until this weeks bulls will face their first big test of strong resistance line. Bulls have not been successful to break it for quite some time now, however we have to keep in mind that Canada is looking weaker Fundamentally and any negative economic event could easily push USD through that resistance line.
So, now we have to wait when price of this pairs will be closer to resistance and after that we could open a trade if we would see price is loosing its momentum facing resistance.
Make sure you follow this idea and our channel ,so you don't miss a great trading signal and best possible entry to this pair.
Good luck.
So, now we have to wait when price of this pairs will be closer to resistance and after that we could open a trade if we would see price is loosing its momentum facing resistance.
Make sure you follow this idea and our channel ,so you don't miss a great trading signal and best possible entry to this pair.
Good luck.
