USD/CAD first bounce setup

Name: USD/CAD first bounce setup
Uploaded: 2023-01-25T11:19:37.982445
Channel: Ross-J-Burland
Description: USD/CAD exploded to the upside but then fizzled out and bulls threw in the towel before the target. Decided to come out at breakeven as there was no flare although expecting a continuation as per the daily chart, just not prepared to run risk on it for the rest of the day and GAMBLE on it. Expect a stop hunt and don't want to be food for the bears.

Long

U.S. Dollar / Canadian Dollar (PEPPERSTONE:USDCAD)

Updated

PEPPERSTONE:USDCAD U.S. Dollar / Canadian Dollar

Trend Analysis Harmonic Patterns Chart Patterns USDCAD forextrading smartmoneyconcepts

trendanalysis harmonicpatterns chartpattern usdcad forextrading smartmoneyconcepts

USD/CAD exploded to the upside but then fizzled out and bulls threw in the towel before the target. Decided to come out at breakeven as there was no flare although expecting a continuation as per the daily chart, just not prepared to run risk on it for the rest of the day and GAMBLE on it. Expect a stop hunt and don't want to be food for the bears.

Comment:

Like I said, stop hunt!!!

Comment:

Key US data coming up Thursday. If US Dollar catches a break, wrong footed market ...

USD/CAD? ...

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