FullTimeTrader
Short

USDCAD-bearish crab near last high

FX:USDCAD   U.S. Dollar/Canadian Dollar
615 5 6
I have many technical reasons to think we might have a bearish retracement a this levels.
Fundamentally, i expect negative USD news tomorrow, so this pattern may work well.

Best regards
Hey there! Isn't this currently forming a double top? Or do you still believe in this trade?
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MuathAlBulbul MuathAlBulbul
Especially with the bad unemployment rates for CAD
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FullTimeTrader MuathAlBulbul
The setup is valid but risky... we had bad USD news but no retracement... We'd better look for long setups now
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MuathAlBulbul FullTimeTrader
Thanks for the reply. Umm, I really thought that 1.2815 would hold, I shorted right at the top, but now it's pulling back up and I am not so sure anymore!
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FullTimeTrader MuathAlBulbul
If you entered you must follow your plan, just as a matter of discipline. Just keep SL and TP and see how the markets reacts...
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