TomProTrader

#USDCAD-UPDATE: STRONG MOVE TO DOWNSIDE, SHORTS FAVORED! #FOREX

FX:USDCAD   U.S. Dollar / Canadian Dollar
288 0 17
Traders,

UPDATE: Since the last idea, we are still firmly in the money. Expecting the bear move to continue and we are holding into the 3 wave long term target.

Nice opportunity to go short off of a nice rounding top after a weak bullish pullback into the bearish impulse. The rounding top has broken down by a nice compelling bearish engulfing signal, breaking the rounding tops range. Making for a high probability shorting situation.

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Best of luck,
Tom
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