Kevin_Lomax
Long

Switching sides - Now Long Canadian Dollar

FX:USDCAD   U.S. Dollar/Canadian Dollar
67 1 3
Recently published an idea to sell USD/CAD             . However, my entry criteria was not met, and I now have changed my side, and have bought this pair.
I was once told it is important to never be attached to any one side of the market, and this is a good example of why.
On smaller time frames we can see that the pull back was forming a bullish wedge or flag pattern. My first target is now at 1.32.
I am already in this trade, and this is a much shorter term trade than my previous idea.
(I have posted this idea as if one was to enter in the moment of it's publication)
100%AGREED!
USDCAD: A BEAR FLAG TO REVERSE THE INITITAL RALLY???
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