USDCAD expecting some further downward pressure
Idea: Expecting further short pressure & possible price retest of recent long entry in the next session.
Pros: Further downward pressure could return the price to extend the 4hr trend.
Cons: The breakout short from NFP figures can be whipsawed if not managed tightly on Monday.
DISCLAIMER:
Please note I am only providing my own trading information for insight to my trading techniques,
you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.
Pros: Further downward pressure could return the price to extend the 4hr trend.
Cons: The breakout short from NFP figures can be whipsawed if not managed tightly on Monday.
DISCLAIMER:
Please note I am only providing my own trading information for insight to my trading techniques,
you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.
Trade closed: target reached:
1.3477