USDCAD might be topping against this level. We can go short at market, or on a break under Friday's low. Risk a new daily high initially. I'd risk 0.5-1% on the trade. Hold it for a week and see if it makes any progress.
Good luck,
Ivan Labrie.
Good luck,
Ivan Labrie.
Note
Almost filled on the conservative entry. I had shorted last Friday already, and it's in slight profit for now.Trade closed manually
Note
We might be able to reenter shorts soon: Within 1 or 2 days we could have confirmation of the down move.
Note
Almost at the target here. It could evolve into a longer term decline.
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Related publications
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.