Even thought USD/CAD PA is suggesting that we may be developing a swing high in place which is also supported by the seasonality cycle, you can read more about the seasonality tendencies of USD/CAD here: Jun FX Seasonal Pattern
USD/CAD has a strong pattern to sell of during the month of Jun, weakness that caries on all the way through July where we establish a major bottom. However despite this I took a long trade based on the short term PA, because I had the momentum in my favor. Also the timin…
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