USDCAD: Back to the uptrend mode

FX:USDCAD   U.S. Dollar/Canadian Dollar
The time at mode trend signal in USDCAD             has exhausted the forecasted upside, so it's likely to return back to the uptrend mode as the arrow shows.
We can short under yesterday's low today, before the close. If not filled, we can short under today's low, with a stop at today's high after today's daily close. Risk 0.5-1% on the trade.

Good luck!

Ivan Labrie.
Comment: Not quite there yet, we can enter on a break of a daily low.
Trade closed manually: I shorted at the daily open but covered already, I'm not too thrilled with oil's performance for now. I want to keep risk to a minimum this week.
Comment: Reshorted here 1.31856. Stop: new high at 1.32479.
My previous exit was near today's low.
Trade active
Trade closed manually: Booked profit for now, looking like it can break to the upside.
the target remains the same?
+1 Reply
Yes, exactly the same, but we have to watch it going into the BOJ and FOMC eevnts. Then we decide if it's safe to hold or not.
Good luck!
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