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

But here usd/cad is quietly starting to go down and, I don’t know about anyone else, but it tricked me. Not critically, but it did trick me, or almost tricked me; I really thought we could move up, but today’s levels show that there’s nothing to do except keep going down along the red scenario. Here we’ve got both a channel decline and a mandatory zone above the price at the start of the day, and that’s why this kind of drop into the 1.4116 area looks perfect for today.