USDCAD Breakout Looks Overdone
The breakout above resistance is obvious, but I'm not chasing it. The real move might already be priced in.
USDCAD Breakout Looks Overdone
Everyone's piling into USDCAD after that weekly close above resistance. I've seen this pattern before — the breakout that gets too much attention, then fades into a grind. I'm not buying the hype at these levels.
The pair might squeeze higher, but the easy money is gone. I'd rather wait for a retest or look for exhaustion. Chasing breakouts in a crowded trade is a good way to get stopped out when the whales take profits.
If you're long, trail your stop. If you're not, standing aside is a valid position.

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