I have just entered this position on USDCAD . I was watching the market for few days and I was looking for a short opportunity.
As you can see from the chart, the price reacted on , we can see a false breakout to the upside and a volatile movement to the downside after that. This confirms the short for me. Also on there is a .
I am going to close the position at 1.37254 in case the prediction is wrong. Otherwise I want to close half of the position at 1.34389 and the rest around 1.32294 which is the from .
What are your expectations here? Let me know in the comment :-)
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