Biconomics

USDCAD - Short Opportunity Identified on Retest

Short
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Hello Traders I wish you for a very good day! Here I update all my trade plans and setups based on technicals while nothing in here shared as a trading signal. So take them at your own risk. All these remains as just a prediction until we meet with the required criteria. Best regards!

This is a very clear structure that price failed since August to break the resistance I have marked up. So with the retest the price has made by now signals me another potential down side which supports for a good profit potential. So trade is active in my portfolio towards shorts

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Comments

here is what I have on UC based on MTA
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I am also in short and have been for a bit of time now, expecting to tp at 1.305 depending on price action but it seems every dip is getting bought, the one from 1.32 on friday to 1.33 yesterday was pretty crazy, you think it's just retest to trap before big selloff? Getting scared since oil is selling off due to corona virus..., let me know what you think thx
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