USDCAD: Time at mode downtrend signal update
We're close to the expiration date for the longer term signal but the last target hasn't been reached.
I expect to see a reversal from here, which judging by the crude oil chart, will come in a day or two.
Looking to go long, watching for the perfect entry. We need patience, because RgMov is still pointing down, and we have new lows every 5 bars still, so trend is still down, technically.
The minimum target for a long position would be a retest of the previous mode from where the downtrend launched.
Good luck!
Ivan.
I expect to see a reversal from here, which judging by the crude oil chart, will come in a day or two.
Looking to go long, watching for the perfect entry. We need patience, because RgMov is still pointing down, and we have new lows every 5 bars still, so trend is still down, technically.
The minimum target for a long position would be a retest of the previous mode from where the downtrend launched.
Good luck!
Ivan.
Trade closed: target reached:
Time expired, price surged. Perfection.
