PLEASE NOTE: I have reduced my exposure for USDCAD
SHORT (Daily) by taking out most of my position at break even/ very small loss, and instead went for a long on H4, as I felt that USDCAD
would have a strong move up bouncing off demand zone
/100ema twice AND having a bollinger band volatility
contraction as well (awaiting a big explosive move potentially). Could be the day for USD today. We shall see...
I am still keeping a SMALL position on USDCAD
for a SHORT (on the Daily setup on my other idea) but will not be entering any more short positions on USDCAD
until I see a clear pattern on lower timeframes (H4/H1) that suggests the move is bearish
TRADING IDEA , NOT INVESTMENT OPPORTUNITY ---- TRADE AT YOUR OWN RISK!