Be conservative+protect your capital
Actualizado
On the weekly, is an uptrend and may hit 2nd green line on the wayup to meet sellers. The buyers are not keen at this levels given the monthly view as provided earlier.
and Unless buyers prove otherwise, the sellers would push price down to previous lows for short term rally. Avoid Long into shorts and watch where price is making.
USDCAD
and Unless buyers prove otherwise, the sellers would push price down to previous lows for short term rally. Avoid Long into shorts and watch where price is making.
USDCADNota
Closer to 1.309 is where a retrace could take place.The USDCAD is weak at this point.
Traders 1H and D1 entry can wait for retrace back previous high to decide on an entry.
The risk exposure in capital are to reduce for new entry due to position of the price.
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