RaynLim

Amazing Shorting Opportunities

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
Upon careful examination of the chart, it's apparent that the majority of retail traders are poised for a buying opportunity, making any talk of shorting seem unconventional.

Yet, a different perspective emerges upon closer inspection.

Observations:

  • I've discerned indications that suggest a contrary approach may be prudent.

Trading Strategy:

  • I'm personally awaiting a shorting opportunity on the forthcoming completion of the Bearish Crab Pattern, projected at 1.3926. This stands in contrast to the previous crab pattern, offering a fresh tactical choice.

  • For those still inclined towards a buying stance, a retest of the trendline on the 1-hourly chart might present the awaited opportunity.

Now, the crux of the matter: What's your call? Your insights carry weight. Please share your perspective below!

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