FX.co ★ kavon.collins | Game of Life: Visionary Insights into the Forex Market!

**USD/CAD** Good evening! A very tempting bearish picture has emerged on the monthly chart of the Canadian dollar, where the price initially reached a key maximum at the level of 1.4672, bounced off it, and dropped to a strong uptrend line! There are still a couple of days left until the end of the current month, and there is no need to worry about any significant movement - as long as the price holds above the trend line. However, in May, we should expect a breakout of the trend line and, hopefully, an impressive move to the south. Whether this will happen or not, it is essential to focus on this scenario. I previously made a decent profit (almost 500 points to the fourth decimal) on a long-term trade on the breakout above the strong level of 1.3950. Now it's time to think about long-term sales on the breakout below the trend line. And again, sell 20% of the deposit on the accounts waiting for their next hour of prize contests. But there is one "but" - swaps are positive on the rise and negative on the fall, so holding sales for a long time is unlikely to work out (unless, of course, there is a rapid decline), unlike purchases!