There was a Doji last night on H4 and a break down on trend at present. Therefore I closed my buy position now on USDCAD because of this indecision.
I still favour a Long but now I have no candle patterns to confirm the move so I cannot choose to trade either long or short. With news tonight, I again favour the news being negative to the CAD so I believe they will also push the price upwards. The big players went long a week ago because I believe they know tonight’s results.
