The weekly chart shows the importance of these breakouts
This is a trade worth playing for two reasons : the accuracy of the false breakouts and the carry you will get by shorting this.
The daily chart shows two huge kangaroo tails and a bearish divergence on the MACD histogram. Considering the weekly chart, I believe this is enough for a short. I was saying on the USDCAD chart published earlier that taking profits will be a hard task. Well, if that is hard, what should we call it here?
The daily chart shows two huge kangaroo tails and a bearish divergence on the MACD histogram. Considering the weekly chart, I believe this is enough for a short. I was saying on the USDCAD chart published earlier that taking profits will be a hard task. Well, if that is hard, what should we call it here?