everybody who is trading usd/cad was pretty surprised after seeing
last days bearish engulfing candle today a bullish candle.
But of course there has to be a large bearish candle,
because the was serious resistance above.
So price tested today (bullish candle9, if a good resistance and price will be rejected or...if price takes this resistance for mor long....
Nobody can say, what will happen. But signal of failed bearish engulfing, this gives me a bullish bias for usd/cad.
last days bearish engulfing candle today a bullish candle.
But of course there has to be a large bearish candle,
because the was serious resistance above.
So price tested today (bullish candle9, if a good resistance and price will be rejected or...if price takes this resistance for mor long....
Nobody can say, what will happen. But signal of failed bearish engulfing, this gives me a bullish bias for usd/cad.