SonicDeejay

USD/CAD (26/1/18) *A Momentum Shift is spotted

FX:USDCAD   美元 / 加元
There are 2 things you need to know.

1. USDCAD's "overall trend" is still pointing to the downside.
So it is obvious that "shorting" this pair still carry a better probability

2. We have a nice Bullish looking candle in D1, it proved that there is an "immediate" trend momentum shift.
So, if you looking for a potential quick swing back, you can consider going Long with the great length of caution.

Summary, this pair may swing back up to the previous resistant levels, as a typical pullback during downtrend. I expect, it can swing back up to 1.25 level. But you have to be quick.


Trade Safe

s0nic


Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
Sonicr Mastery dot com is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
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