USDCAD bullish move to continue - but short for the time being
Price shot through the supply area at 1.99-1.996 only to rebound at the 1.100 level - that's pretty bullish!
I took a small short at 1.0991 (SL 1.105 TP 1.095) because an entry on the Gartley pattern completed at 1.0978 offers a nice risk-reward at this level. Besides, the even handle at 1.1 will grant additional protection to my stop. But at 1.095 I'll be long again (SL 1.092 TP 1.1045)!
I took a small short at 1.0991 (SL 1.105 TP 1.095) because an entry on the Gartley pattern completed at 1.0978 offers a nice risk-reward at this level. Besides, the even handle at 1.1 will grant additional protection to my stop. But at 1.095 I'll be long again (SL 1.092 TP 1.1045)!