USDCAD short activated

FX:USDCAD   U.S. Dollar / Canadian Dollar
487 5 10
We had to be patience with this pair but we finally see the start of a correction. Now I will wait for a consolidation and continuation lower for the next opportunity to add to my short. Have a look at my previous posts for context. It was extending higher and there was no entry for me until today. However the approach in terms of where to sell is still the same.


on the 4h chart I can see support around 1.4185 level, also possible reversal to go long at 1.4146 which meets the 0.61 fib level
TimStuyts BucksFX
Yes you might be right. Below you see my short term scenario of what I like to see. Remember it is only a scenario but I like to see a consolidation and then sell the continuation lower. Have to wait for confirmation.

BucksFX TimStuyts
Yeah I understand
What a SHORT!
Do you think we need to sell now or waiting for a long and after that?
I'm already short from 1.45 and wait for a consolidation. Once that has settled I will focus on the next break lower to add. Have a look at the chart where I wrote 'sell the break'. That's what I'm looking for.
Hope this helps. I will update once we see the next consolidation.
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