USDCAD quick buy (moderate-high risk idea)
- I wouldn’t be surprised to see USDCAD going more in the bearish direction on higher time frames. That being said, this trade is an attempt to counter trend trade under the assumption USDCAD will retest to the upside, then continue down.
Why is it moderate-high risk?
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-USDCAD May continue to go bearish without retesting to the upside.
- That being said, it is a quick trade, and if USDCAD either continues in the bullish direction and breaks the trend line, or retests then goes bearish, we will most likely be in the green on this trade.
Why is it moderate-high risk?
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-USDCAD May continue to go bearish without retesting to the upside.
- That being said, it is a quick trade, and if USDCAD either continues in the bullish direction and breaks the trend line, or retests then goes bearish, we will most likely be in the green on this trade.
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