USDCAD: Short for downtrend continuation
Updated
It's possible we get continuation of the downtrend here, considering oil's fundamental and technical landscapes.
There is a chance that we're seeing a terminal pattern, anticipating sharp declines ahead, after the end of this consolidation.
To enter the trade, you may short at market or on a retrace, as long as price doesn't hit 1.32933.
You can also use a stop at 1.33128.
Good luck!
Ivan Labrie.
There is a chance that we're seeing a terminal pattern, anticipating sharp declines ahead, after the end of this consolidation.
To enter the trade, you may short at market or on a retrace, as long as price doesn't hit 1.32933.
You can also use a stop at 1.33128.
Good luck!
Ivan Labrie.
Note
Shorted on retrace here.Trade closed manually
I closed for now, it's not ready to drop yet. Down 0.3% on it, but made it back with the AUDUSD, NZDUSD, EURUSD shorts.Trade active
Trade closed manually
Exit and flip long. Risk 300 pips down, 1-2% exposure.Trade active
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