Though the USDCAD has recently accelerated on the upside, some profit-taking may take place on the pair. Notably, the pair has come back under its previous resistance at 1.32785. Also, the RSI on the 4H chart is oversold. This confirms the likelihood of some profit-taking in the near future. One can open a short position right under the resistance, and place a stop a few pips above it to protect the position in case of an upside breakout and possible return to recent highs. TP targets would be the 50-h SMA, or 50% of the recent high green candlestick if you want to play it safer.
Δεν υπάρχουν σχόλια:
Δημοσίευση σχολίου