USDCAD, SHORTS are piling up..BUYERS exiting. prep for DESCEND

USDCAD based on daily data is conveying a significant increase in short positions -- and buyers/LONGS exiting.
Expect some series of descend (downside) from the current price point.
Spotted at 1.36
TAYOR
Safeguard capital always.
Expect some series of descend (downside) from the current price point.
Spotted at 1.36
TAYOR
Safeguard capital always.
Trade active
USDCAD moving as planned.Trade active
Moving as planned. Huge sell off from the top.Trade active
Resistance touch. More Downside Incoming.TAYOR.
Trade active
RESET SHORTS.Trade active
There ya go, a BREAKDOWN.More descending action is expected from the dollar.
Trade active
1h data update:The breakdown will continue from the current levels.
Next target: Below 1.360
TAYOR.
Trade active
so far so good. we'll be under 1.36 soon.Trade active
USDCAD spiraled down as expected.Trade active
So far so good on this. More trim downs ahead.Trade active
This is playing out well so far.More trim downs expected - long term.
Trade active
We're now below 1.370, more trim downs expected.Trade active
Daily data update:a 100 pip drop is ripe at this point n ow.
Spotted at 1.370
tvc-invdn-com.investing.com/data/tvc_0761eff68f4ec0da301ffd2758e0dc5d.png
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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.