jabariofafrica

USDCAD UPDATE.... THE FLOOR IS OILY

Short
FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
Hello Traders,

If you follow me or have seen any of my previous updates, you will know that I was bullish on this pair but as we have it, the market did not and has not reacted the way I thought. If this market turns bullish by way of structure or CHOCH, I am going SHORT.

Note: If this bearish move happens, it will take out all the induced sells/shorts.

If you follow me, you will also notice I make use of the dollar index. As we have it, it has approached a weekly supply so I'm wary and expecting a retracement for now.

If we don't this shift in market structure, then I will update you again.


Cheers.
David

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