Short term trades, one more day of upside before downturn begins
Updated
I believe we have at least 1 more day of upside on USDCAD. I'm getting ready to initiate a short position on the daily time frame, but for now I am watching the corrective structure unfold. There is no way to know for sure how the structure will unfold, but I believe it will be something like this.
Not trade advice, simply intraday forecasting for theoretical purposes.
Not trade advice, simply intraday forecasting for theoretical purposes.
Trade active
Price movement unfolded exactly as predicted. Holding my short from 1.29850.
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.