FX.co ★ bridget.franecki | TST as the Foundation for Medium-term Trading

The USD/CAD continued its descent, but in a calm manner. Today, there is also a possibility of further decline, albeit a calm one. However, I am not inclined to engage in short trading at all, mainly because for the third day in a row, there is no mandatory zone, and today the opening of the day coincided with the upper channel boundary. The scenario of a reversal could very well play out today, and in reality, both the blue and red scenarios could lead to this. Therefore, I believe it's worth waiting to see how the week ends.