Fxprotrader
Short

USDCAD: Sell The Breakout Of The Correction

FX:USDCAD   U.S. Dollar / Canadian Dollar
752 4 26
Price formed a small impulsive at the a parallel of a median line , followed by a correction. It now seems that we may soon have the end of this corrective structure with price breaking below it. That would be a nice sell setup with potential tp at the lower parallel of the ml
Hello, Fxprotrader! Thanks for your chart! Fully agree with you and waiting for Short in USDCAD for a long time. Don't you believe in more deep drop (to 1.2 area) in a few weeks? Do you suppose we could return at current level before of it? Good trades to you!
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Fxprotrader FreshOilTrader
You are welcome.. Looking at the daily chart we may see that USDCAD is in a big correction. Most likely we will have another impulse to the down. The question is when.. There may be buy opportunities meanwhile but my main view is bearish. i hope that this helps
+2 Reply
FreshOilTrader Fxprotrader
Thanks for a comment and your support. Good day to you and all the best from my side.
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Fxprotrader FreshOilTrader
You too mate, have a nice day
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