USDCAD: Big move, after the Big Triangle

FX:USDCAD   U.S. Dollar / Canadian Dollar
Hello Traders!
Today FX:USDCAD             is on my radar. Here is a very nice shorting opportunity.
At last the price has broken a big triangle, found support @1.3175 and forming a flag pattern , and this means that market is going to fall even more. We have 2 opportunity to go short:
1. Sell around the PRZ,
2. Wait for the market to break the flag and support, retest it for more confluence and then go short.
GL (Green Luck)
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Perfect, no rate hike scenario! Perfect pair for that scenario, short USD and long OIL and CAD...
+1 Reply
Lets see my friend. FOMC is an issue right now.
But technically your analyses are 100% right
Yes, yes, shorted it and closed already, now I guess we will go back up to close possible gaps and then short again... It's always a guess I know but still tradable if you can avoid the first whipsawing...
Yes! price should go back for correction and then it is safe to go short. I dont trade on news, so I will be waiting the pullback at the structure and go short.
For me we closed the gap about 10min ago, we could see continued selling off from here...I'm in with a small short position from 1.3171 just in case...
EUR/USD looks like the rally could continue without retracing first but we'll see...
Very nice KVE! with you profits
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