I'm bearish USDCAD for the short term but I think we may get a better entry given the price action of the last days. A test of 1.26-1.271 looks probable.
We have a confirmed upward pitchfork that sets the regression price short term at around 1.265. From the basic pitchfork trading rules, when you are expecting a reversal, you should expect the next pivot to form at the median line .
Moderate Risk as we are against the macro trend.
We have a confirmed upward pitchfork that sets the regression price short term at around 1.265. From the basic pitchfork trading rules, when you are expecting a reversal, you should expect the next pivot to form at the median line .
Moderate Risk as we are against the macro trend.
Trade closed: stop reached
dollar is in free fall and didn't gave us a hand this time.
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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.