Daniel-Malik
Short

USDCAD IN CHANNEL, wait for the red line

FX:USDCAD   U.S. Dollar/Canadian Dollar
USDCAD             in channel. if it breaks the Red line it will go up , other wise
if it does not break the RED line, we will see a down move (RETRACEMENT)
Comment: 90+ pips in profit !! taking partial profit here, and I am holding this trade till interest rate decision
Comment: Chance for Re-Entry !
Comment: Channel break so better to short once again
expect down to but stil have bit space for up till 1.3305 .. let see
Reply
I really like your analysis. For this case, I disagree with you. It might me a retest of triangle. Moreover, oil is falling. Are you bearish on oil?
snapshot
Reply
yes this can be possibility but as the yesterday's Interest rate , so chances may take doller to weaker side, and yes I was In a short position at oil but my oil position is closed now after earning 900 pips
+1 Reply
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