Do You Have The Balls To Short USDCAD???

FX:USDCAD   U.S. Dollar / Canadian Dollar
Only a brave man would short the USDCAD             right now but hey a cypher is a cypher . I'm already long on a trend continuation trade on this pair so I'm gonna be staying out of this one but if you have the balls to short what i consider to be a very bullish market then go for it. Caution though: RSI is not yet oversold and there's a strong bullish momentum.

USDCAD still up trend for yesterday,
I thought is was going to reverse at 1.431.. like yesterday, it started to reverse at some point.. Today, something is preventing it to reverse back.
JoMarshall danielsf
Yeah it's not showing any signs of reversal at the moment so just wait for a trend continuation set up and jump on the trend
danielsf JoMarshall
I'm expecting it to drop overnight like it did last night. Some minimal correction and rise again according to oil prices.
Look like technical analysis does not work in this paid. USD/CAD will not reverse untill the oil reverse.
JoMarshall ihossain.rana
Yeah well i'm not looking for a reversal i'm looking for a pull back once the cypher completes. That's why i said caution: this pair is strongly bullish.
Currently stuck in a short thought I called the top a few days ago :p holding on for the reversal
Yeah the reversal will come at some point so maybe this cypher will be the reason we see the pullback
Cheers jo you never know!!
+1 Reply
JoMarshall Peterjgq
Yeah that's true, we'll just have to wait and see
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