USDCAD: OBVIOUS SHORT with confirmation on Daily!
Updated
After retracing in a compression style in Daily, 240 and 60 last week, the market finally gave us a beautiful nicely formed doji followed by a bearish cs as confirmation on Daily. I am expecting confirmation on Weekly timeframe as well. Looking forward to add some more short positions!
Note
Wait for this week W1 candle to close. If it is a breakout close (aka engulfing the previous bull W1 candle), prepare to position your Sell Limit armies at those strategic confluences as we gonna have a long march down to our first check point 1.28695.
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.