A clear bullish structure seen after buyers manage to break above the 1.3250 neckline two weeks ago, currently we are seeing a potential retest for a new support level. I will look for a rejection or a low test daily closed above the highlighted area before placing long trade.
Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
Disclaimer the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. _________________________________________________________________________________________________________________________________________
@LCFXpro, I'm short on US30, and that paid off today -- doesn't make much sense to bet against the dollar at the same time like I was, so I closed my USDCAD shorts in profit. The dollar bumped up with the drop on US 30. You might be right on this one. Rookie mistake on my part.
03:21