The second thing i looked at this morning when i sat down was the USD/CAD and strangely enough, the little lines on my screen also told me it was a sell as on the hourly it looks like it wants to come back to 1.2650.
Have a look at the daily chart i have attached and notice what has happened each time we have failed to take out 1.3000. We are talking dips of between 8-15 big figures, but i would be content with 3.
How do we trade this?
Sell USD/CAD at 1.2880 and 1.2930 with a stop and reverse above 1.3010 because if it does go, it will gooooooo big time!
