KVE
Short

USD/CAD: Monthly bat, at 61.8% of XA now!

FX_IDC:USDCAD   U.S. Dollar / Canadian Dollar
87 0 4
This one's on my radar for some time now. Now this bat will not be filled any time soon but I was actually waiting for the 61.8% retracement of XA to be reached to enter short for a possible retracement but it seems I missed the actual touch of that level yesterday..., have to keep in mind to always have alerts set up, so much to look at...

I will be looking to enter short in the next couple of days to weeks though, trying to catch a possible move retracement on to some previous structure levels lower-on.

Two possible longterm trades are on the chart which I'm NOT taking (+500 pips SL, not for me...), but some people might want to try them. We will probably get a second chance to get in short at or just below that 61.8 level as these levels are frequently re-tested before the actual (temporary) reversal.

I will be looking for shorter-term short trades on smaller timeframes now!

Bare in mind that shorts are counter-trend on this timeframe, but still wortwhile taking if a setup can be found on smaller timeframes.
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