USD/CAD - A very unpopular opinion - SHORT Daily

Sometime one's position in trading can prove to be a lonely place. This USD/CAD SHORT trade is not famous.

Comment:

1.3251 was established on July the 27th 2016 as the "final defence line" for the bears. 1.2828 is a phycological target. Tough call but more sell orders were initiated on this security on July the 25th 2016;

Trade closed manually:

Buyers were stopped at the "blue zone" as anticipated however, seller are failing to push this market to the lower targets of 1.2576 and 1.2492. Maybe a last push higher is needed before lower targets are hit. I have taken my Profit on this trade and reversed position.. but will keep watching the downside of interest.