As you can see, a trend line (black) has been drawn. This trend line has been hit once. So this is the moment when the trend line can be confirmed or can be canceled.
Different zones have also been drawn. The zones in combination with the trend line give an indication that a downward movement is very possible.
Because of this, I think the USDCAD will soon make a new downward movement.
Trade geschlossen: Ziel wurde erreicht:
We reached a nice profit of +150 pips!
Congrats to the people who took the trade!
Congrats to the people who took the trade!