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

Same with usd/cad, it showed great skill in dropping yesterday and the price reached the expected range much faster than I anticipated. Well, not that “much” faster, but I didn’t think we’d get here in a single day. Yesterday the levels didn’t look sellish enough to me because the lower boundary of the channel was right under the price, but the overall picture of a moderately directional move to the downside together with the mandatory zone above did their job. At the moment I’m waiting for a correction of yesterday’s move and based on that I’ll determine further opportunities for myself.