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Undercover_Trading

USDCAD SHORT FOR 8TH MARCH 2022

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Undercover_Trading Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Wave Analysis smartmoney smartsignals swingtrading Fibonacci Retracement
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trendanalysis chartpattern waveanalysis smartmoney smartsignals swingtrading fibonacciretracement
Having seen USDCAD rally from our bullish demand zone without retest it further implies that price seeks to gather enough momentum from the supply zone in order to retest the bullish demand zone or consequently sweep that zone for new demand areas so we will be looking to short from the supply area.
Comment:
please not that entry will be valid once there is a characteristic change of trend No trade limits are set yet
Comment:
Idea is invalidated as targeted supply zone has been violated
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