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FX.co ★ USD/CAD - the short scenario is canceled!

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Forex Analysis:::2020-07-14T07:04:15

USD/CAD - the short scenario is canceled!

USD/CAD - the short scenario is canceled!

Good afternoon traders!

The plan yesterday was to short the USD / CAD pair in the trading chart:.

USD/CAD - the short scenario is canceled!

However, the quotes closed with a pin bar, but it is within a long-term trend:

USD/CAD - the short scenario is canceled!

Such a development cancels the initial short scenario, but at the same time does not give a long one because there is a series of contradictions within it. This means that the USD/CAD pair is currently in a state of uncertainty.

Hence, remember to control the risks when trading. Good luck!

Analyst InstaForex
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