PLEASE NOTE: I have reduced my exposure for USDCAD SHORT (Daily) by taking out most of my position at break even/ very small loss, and instead went for a long on H4, as I felt that USDCAD would have a strong move up bouncing off demand zone/100ema twice AND having a bollinger band volatility contraction as well (awaiting a big explosive move potentially). Could be the day for USD today. We shall see...
I am still keeping a SMALL position on USDCAD for a SHORT (on the Daily setup on my other idea) but will not be entering any more short positions on USDCAD until I see a clear pattern on lower timeframes (H4/H1) that suggests the move is bearish confirmation.
Cheers
TRADING IDEA , NOT INVESTMENT OPPORTUNITY ---- TRADE AT YOUR OWN RISK!
I am still keeping a SMALL position on USDCAD for a SHORT (on the Daily setup on my other idea) but will not be entering any more short positions on USDCAD until I see a clear pattern on lower timeframes (H4/H1) that suggests the move is bearish confirmation.
Cheers
TRADING IDEA , NOT INVESTMENT OPPORTUNITY ---- TRADE AT YOUR OWN RISK!
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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.