USDCAD: Back to the uptrend mode
Updated
The time at mode trend signal in USDCAD has exhausted the forecasted upside, so it's likely to return back to the uptrend mode as the arrow shows.
We can short under yesterday's low today, before the close. If not filled, we can short under today's low, with a stop at today's high after today's daily close. Risk 0.5-1% on the trade.
Good luck!
Ivan Labrie.
We can short under yesterday's low today, before the close. If not filled, we can short under today's low, with a stop at today's high after today's daily close. Risk 0.5-1% on the trade.
Good luck!
Ivan Labrie.
Note
Not quite there yet, we can enter on a break of a daily low.Trade closed manually
I shorted at the daily open but covered already, I'm not too thrilled with oil's performance for now. I want to keep risk to a minimum this week.Note
Reshorted here 1.31856. Stop: new high at 1.32479.My previous exit was near today's low.
Trade active
Trade closed manually
Booked profit for now, looking like it can break to the upside.
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
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.