DelorenFX
Short

Big call short usd? big time frame trade

FX:USDCAD   U.S. Dollar/Canadian Dollar
Bearish flag inside a channel, bouncing off inner trend line . Next bearing impulse looming. The set up is not complete on this time frame . Still in consolidation depending on what time frame you use.
I use fibs to plot potential targets on higher time frames. It would likely take months to see 1.12ooo's at outer trend line .

Looking at the big picture- manage on lower time frames.

Just and idea.Thanks.

Protect account 1st
Profit second.
Comment: Now that they have all agreed to manipulate oil price for their own gain, legally of course. This I see as positive for the cad (short term). Remember we have more oil in available then we did 80 years ago! Chart playing out as I thought. We may see 138's as we broke 132's. Still dovish to me, I'll wait for my next sell opportunity :)
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published