tntsunrise
Short

USDCAD BREAKS THE TREND LINE

FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD             BREAKS THE TREND LINE
time to short

pay attention to the zone i marked.
wait for price to retest and short
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Comment: Pay attention to 1.3157
Comment:
Hi Jack and other experienced traders, I was just tolled that USD/CAD and Oil have a negative correlation. If this is correct and I understand right if Oil is going up USD/CAD suppost to go down and if Oil goes down USD/CAD is going up? and somehow I could use this to reduce my risk when trading oil. So if I go short in Oil I would go short in USD/CAD so that if Oil goes long instead of short this would reduce my losses? Possibly there is and expert here that can explain this better?
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Thanks alot any update please
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Any updates to what happens when the trend seems to have broken quite hard like this?
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CAD long now Jack? it seems structure changed~
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should short again now or not ?
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Will down?
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Bucky at mercy of others atm.
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Its undecide buill or bear??? Looks like it will now go sideways in a symmettrical triangle for a day or 2, trade with the break out
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Hey Jack, what do you consider a good pullback entry? Wait price action at that level?
+1 Reply
VForex VForex
Dollar might show strength at small timeframe too
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