Taking a small short position on USDCAD based simply on chart price action and fib extensions.
First target the 0.786 and the 2nd the .886.
The absolutely clear rejection of 1.387 is a great signal, stop loss placed abbove the wick of the previous weekly candle, will transition to a trailing stop after position starts to move.
First target the 0.786 and the 2nd the .886.
The absolutely clear rejection of 1.387 is a great signal, stop loss placed abbove the wick of the previous weekly candle, will transition to a trailing stop after position starts to move.
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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.