USDCAD Long and Short Scenario

The pair hit a weekly supply zone and almost took it out. Now pulling back from the top and coming close to a demand zone. I expect another reaction in the demand zone off the upward momentum line. Eventually I expect the weakening of momentum and falling further down from the current weekly supply zone. Any short will have to stop above the current weekly zone.
Alternatively, if we get another push up, the next zone will stop the price and we'll see some downward movement.

Trade with care.
Zack

Yorum:

160 pips on the long trade and sill running.

Yorum:

Already out of long, took short