there is a 95% probability that usdcad closes below 1. 2800 11 hrs from now based on my own analysis tactics. Selling a put option here at current costs provides a positive expectancy on risk capital so I made the trade. :)
Important to note that i am not selling spot, I am selling a call option. So i make money as long as the price closes under 1.28 11 hrs from now. So I am not necessarily bearish, rather than I am thinking it does not close above 1.2800. The pricing of that particular option gave a positive expectancy compared to the probability of price actually closing that high.
Hi Lexie. After strong trends always must be to 2 tops (or more) (wave 5 of 3 and wave 5 of 5). This affect causes the divergence on the osciliators. Only after that can think about short position. (Sorry for my English).