USDCAD price has formed a reversed cup and handle formation. Price is currently on the Point of Control level at 1.2587 which is considered to be the most important level at this moment since both bulls and bears are fighting for control.
We are waiting to see who will take control of the price, so we could take advantage of this scenario.
ABOUT THE AUTHOR
As a professional trader with more than 10 years’ experience, Miloš is also Business Analyst with a deep understanding of capital markets. He attained his MBA in London, where he unlocked his full potential by researching all the different events that can occur on market. Along with the above-stated experience, Miloš provides trading education for clients with different levels of experience. He delights in sharing his knowledge and finds special joy when he sees clients benefit from it. He believes that his experience is not always easy to share with everybody, but putting everything in an algorithm allows users all over the world take advantage of all that trading offers.
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