U.S. Dollar / Canadian Dollar

Short

USDCAD: Potential intermediate term top

Updated

USDCAD might be topping against this level. We can go short at market, or on a break under Friday's low. Risk a new daily high initially. I'd risk 0.5-1% on the trade. Hold it for a week and see if it makes any progress.

Good luck,

Ivan Labrie.

Note

Almost filled on the conservative entry. I had shorted last Friday already, and it's in slight profit for now.

snapshot

Trade closed manually

Note

We might be able to reenter shorts soon:

snapshot

Within 1 or 2 days we could have confirmation of the down move.

Note

Almost at the target here. It could evolve into a longer term decline.

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USDCAD: Uptrend in motion, potential targets

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