Bearish continuation but not so convinced
Hi fellow traders:
Here's my view on this pair but I have to admit that i am not so convinced on reaching the target this time because of some biased fundamentals in regards of the USD.
CAD is performing good due to the high oil prices so I would not be surprised to hit the target.
HS pattern seems in play so it will support the strength of the CAD as well.
I prefer to stay away on this pair and wait for a clear signal either long or short.
So far we continue trading inside a descending channel since June 2020.
Cheers
Here's my view on this pair but I have to admit that i am not so convinced on reaching the target this time because of some biased fundamentals in regards of the USD.
CAD is performing good due to the high oil prices so I would not be surprised to hit the target.
HS pattern seems in play so it will support the strength of the CAD as well.
I prefer to stay away on this pair and wait for a clear signal either long or short.
So far we continue trading inside a descending channel since June 2020.
Cheers
Penafian
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