USDCAD DAILY ANALYSIS

Price almost hit my entry but reversed, that was the drawing I made yesterday about USDCAD after observing that oil was pushing up same way us dollar was going up

For USDCAD if CPI comes out bulilish than expected, we should see a reversal, what is pushing it down is because of cad strong fundamental and oil prices, but if dollar strengthen more on the upcoming fundamentals the trend may change

USDCAD- The retest at the 1.4150 price level validated. next, a break below 1.1420 minor support, and full bearish mode activated before CPI.

Price finally broke that low.

You took a loss right?

USDCAD dropped so badly from my level, it's moving independently, because of oil price and cad fundamental strength

No manh I don't take loses like that my ideology was to sell price didn't even trigger me, it was a sell limit not buy limit why will I even want to buy in a selling trend with all the fundamental knowledge I have been sharing no na I can't, look at the image clearly

USDCAD- dropped as forecasted when the 4hr bearish Channel was formed. Will expected retracements for the sell continuations tomorrow. It's next week I'll expect strong buys to kick in.

I didn't even see that it was a sell limit. It's all good man