JLJ002500
Short

USDCAD - Trending up, BUT possible correction - Trade Set Up

FX:USDCAD   U.S. Dollar/Canadian Dollar
18 0 1
FX:USDCAD            

USDCAD             has been in strong up trend. 1D shows the uptrend. Correction may be near. MACD & RSI showing bear diversions. CCI doesn't completely correlate.

Trade Plan:
1. High probability it will retest 1.3352. I'll be looking for a short entry.

2. There is also a possibility the correction has already started. I am looking at 4h/1h for trade set ups/short entry in case USDCAD             does not retest 1.3352. #2 will be smaller positions and shorter time frame trades.


Appreciate constructive feedback.

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