codex65

CADUSD short update

Short
FX_IDC:CADUSD   Canadian Dollar / U.S. Dollar
According to your risk setup, you can exit some short positions if you entered earlier as the downward movement is about to hit a test line created since late march. It is likely that with time, it will move past the test line to the main lower boundary especially because the bearish candlestick pattern is seen 3 other times for a strong downward trend. There are other possible lows with higher risk and higher profits depending on how weak CAD will be in the future.

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.