Strifor || USDCAD-16/05/2024
Preferred direction: SELL
Comment: All of our previous trading ideas against the US dollar are currently fixed at take profit, however, we continue to adhere to the short-term priority of selling the US currency. At the moment, the USDCAD currency pair is one of the most promising for a short trade, since there is the fact of a rollback and, accordingly, a large distance for potential profit.
The best and most likely scenario is to consider selling at the highest current prices (scenario №1). In addition, within the framework of scenario №2, you can consider entering from the level of 1.36557. The target of the fall is still the same level of 1.36000.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
Comment: All of our previous trading ideas against the US dollar are currently fixed at take profit, however, we continue to adhere to the short-term priority of selling the US currency. At the moment, the USDCAD currency pair is one of the most promising for a short trade, since there is the fact of a rollback and, accordingly, a large distance for potential profit.
The best and most likely scenario is to consider selling at the highest current prices (scenario №1). In addition, within the framework of scenario №2, you can consider entering from the level of 1.36557. The target of the fall is still the same level of 1.36000.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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