USDCAD---- shorts? what direction is the market headed?
USDCAD is still bearish at least for me.
The USDCAD after failing to push further down yesterday (monday) although ranging for most part of it i could further see price bouncing off the fair value gaps that were created from last week's thursday during the new york session with the first gap ranging from 1.33220 down to 1.32770 and the second gap ranging from 1.32700 down to 1.32450 down into the daily fair value gap.
Furthermore, if price fails to reach for the gaps created from last week and consistently make lower highs and lower lows i'll be looking forward to leveraging off my weekly bias( bearish) as well as my daily bias(bearish) and trading down into the daily fair value.
The sells on these levels doesn't occur except we can confirm for sure that we could sell because we all use different modes and strategies for entries and exiting our trades.
Have a nice and profitable trading day.
The USDCAD after failing to push further down yesterday (monday) although ranging for most part of it i could further see price bouncing off the fair value gaps that were created from last week's thursday during the new york session with the first gap ranging from 1.33220 down to 1.32770 and the second gap ranging from 1.32700 down to 1.32450 down into the daily fair value gap.
Furthermore, if price fails to reach for the gaps created from last week and consistently make lower highs and lower lows i'll be looking forward to leveraging off my weekly bias( bearish) as well as my daily bias(bearish) and trading down into the daily fair value.
The sells on these levels doesn't occur except we can confirm for sure that we could sell because we all use different modes and strategies for entries and exiting our trades.
Have a nice and profitable trading day.
Trade active:
heading towards target
Trade closed: target reached:
closed
