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
Comments
MuathAlBulbul
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Hey there! Isn't this currently forming a double top? Or do you still believe in this trade?
MuathAlBulbul
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Especially with the bad unemployment rates for CAD
FullTimeTrader
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The setup is valid but risky... we had bad USD news but no retracement... We'd better look for long setups now
MuathAlBulbul
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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
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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...