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.

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forker IvanLabrie
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
Yes, I think that might be the case, we're heading for dark times...or even darker than now, shall I say? :/
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.
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:)
forker Timing is key
...let's prey for it ;-)
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