forker
Short

USDCAD at a monthly potential turning point.

FX:USDCAD   U.S. Dollar/Canadian Dollar
Here we go - touching the L-MLH second time (re- test).

If price is falling out of the orange mini-fork, it's time to stalk a potential short.

P!
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Timing is key
2 years ago
Yes looking closely as it is still failing to reach the ML on the orange fork and breaks the L-MLH.....could be a nice parabolic short on a PB to at least the right handle 1.2 and usually more as per Andrews rules:)
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forker PRO Timing is key
2 years ago
agree!
...let's prey for it ;-)
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IvanLabrie PRO
2 years ago
Yes, it might correct here but not something I want to trade, I think it will be a grind down, not a clean impulse.
I'd rather long anything oil related until war in middle East breaks out or something.
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IvanLabrie PRO
a year ago
USDCAD: Update
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forker PRO IvanLabrie
a year ago
you maybe more right then you would love Ivan...i mean the war :-/

but you're right also with the trade - it's allways better to first let the market prove it's intention. ;-)
+1 Reply
IvanLabrie PRO forker
a year ago
Yes, I think that might be the case, we're heading for dark times...or even darker than now, shall I say? :/
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