I am personally seeing bearish potential in CAD all over the board.
Cadchf, Cadjpy look especially bearish right now likely forming a larg top pattern.
If 7900 breaks bulls look like to play out an bullish flag. So its better to exit there.
I personally dont like to sell low , thats why i am waiting for a move higher before shorting this pair.
Blessings to you all.
Cadchf, Cadjpy look especially bearish right now likely forming a larg top pattern.
If 7900 breaks bulls look like to play out an bullish flag. So its better to exit there.
I personally dont like to sell low , thats why i am waiting for a move higher before shorting this pair.
Blessings to you all.
Trade active
Entering half position at 0.7800 Stop for now 0.7903
Target is 0.7650
Will add second half if we get to 0.7850 area.
Note
Moving the stop lower to 0.7865. Placing it just a few pips above the sloping downtrendline.I have decided not to add on this position and leave it a half sized trade.
Its showtime now, the 7800 level is important.
Trade closed manually
closing small profit +15
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.