USDCAD: Very significant top reached!
Analysis on chart.
There is slight probability that this is the top for this pair, and a strong decline might start from here.
I'll be looking to enter short on a retracement if possible, or after a consolidation forms.
The invalidation level will be a new high, naturally.
Will update with my entry, for now, it's impossible to enter safely, unless you're already in (which I'm not).
Props to Sokow, jangseohee, AndyM, @NCoulb1 and GcNaif, we've been analyzing this pair extensively together as of late.
Check out their charts.
Good luck,
Ivan.
There is slight probability that this is the top for this pair, and a strong decline might start from here.
I'll be looking to enter short on a retracement if possible, or after a consolidation forms.
The invalidation level will be a new high, naturally.
Will update with my entry, for now, it's impossible to enter safely, unless you're already in (which I'm not).
Props to Sokow, jangseohee, AndyM, @NCoulb1 and GcNaif, we've been analyzing this pair extensively together as of late.
Check out their charts.
Good luck,
Ivan.
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