USDCAD short opportunity
Updated
Enter on trendline break
Comment
There is also an alternate hypothesis if that trendline fails to break, we could see a retracement up to the 0.886 retracement of wave 1 (blue), where a bat pattern would complete, and then will look for a short from there. For now I still believe it is more likely a break of the trendline will occur in the immediate future which will be the entry point for a short.Comment
EDIT: meant to say 0.886 retracement of wave i (red) in previous updateTrade active
Trendline has been broken, entry valid.Trade closed: stop reached
Stopped out, turns out wave ii (red) was not completeDisclaimer
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