Trade idea - USDCAD short opportunity
Actualizado
USDCAD had been the strongest currency most of the month of August 2021.
The next strong resistances are 1.2925 and 1.3025.
Currently trading at 1.2825, the pair has shaken most of the CAD bulls going from 1.2625 to almost 200 pips USD gain against the CAD.
We like the idea of a long CAD against USD and expect the price to go back to 1.26 levels.
Month end of August will be crucial for USDCAD traders.
The next strong resistances are 1.2925 and 1.3025.
Currently trading at 1.2825, the pair has shaken most of the CAD bulls going from 1.2625 to almost 200 pips USD gain against the CAD.
We like the idea of a long CAD against USD and expect the price to go back to 1.26 levels.
Month end of August will be crucial for USDCAD traders.
Operación activa
50% positions offloaded and 50% positions still running.Nota
Offloaded at 1.2773Operación cerrada manualmente
All positions closed at 1.2670.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.