FX.co ★ bridget.franecki | TST as the Foundation for Medium-term Trading
TST as the Foundation for Medium-term Trading
Not a bad picture is forming on USD/CAD, where today's levels are without a mandatory zone, and it seems like there is readiness to go up towards the area 1.3858 where the KTL is located. We did not get an opening at the upper channel boundary to strengthen this idea. Therefore, today I expect these possible price movement scenarios, either through the day's balance towards the upper channel boundary or vice versa. I do not exclude a move to the KTL, but I will not trade it, unless I consider selling at that level, at 1.3858, if the price reaches there quickly. So, it looks like this.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade