USDCAD-bearish crab near last high

FX:USDCAD   U.S. Dollar / Canadian Dollar
619 5
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?
MuathAlBulbul MuathAlBulbul
Especially with the bad unemployment rates for CAD
FullTimeTrader MuathAlBulbul
The setup is valid but risky... we had bad USD news but no retracement... We'd better look for long setups now
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!
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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