Short on USDCAD
Avg. Canadian Bank Forecasts are bearish towards 0.26000
Currently in resistance zone, almost touching previous major daily high
I am shorting USDCAD with 3 scenarios:
#1: Straight down to support zone
#2: Down to support zone with retracements
#3: Down towards support zone with pullback hitting lots of stop losses and then down to support zone with retracements
Beware of the pullback while setting your stop-loss.
Avg. Canadian Bank Forecasts are bearish towards 0.26000
Currently in resistance zone, almost touching previous major daily high
I am shorting USDCAD with 3 scenarios:
#1: Straight down to support zone
#2: Down to support zone with retracements
#3: Down towards support zone with pullback hitting lots of stop losses and then down to support zone with retracements
Beware of the pullback while setting your stop-loss.
Trade active:
Conservative Take Profit @ 1.29100
Aggresive Take Profit @ 1.27900
Aggresive Take Profit @ 1.27900