FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD reached supply zone and go down.
We can see in the previous examples, when we broke the trend line , we continued to move.
I suggest putting a stop above the highs of the previous correction and holding the position to 50% of the fibonacci level.

Profit risk ratio 1:2

Best regards EXCAVO
Feb 24
Trade closed: stop reached: Hit stop loss
Mar 05
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Now we are seeing DXY in the support zone, so this short is now very likely (do we see double top right now?)
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This gonna run up up up ..
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hmm, CAD is strong lately and the USD index on the roof.... so.. I would bet against, but you are right in most cases.
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kasrar sisapis
@sisapis, that's exactly what the analysis is implying, if USD is on the roof, and CAD is strong, the value of USD to CAD will drop, so we're bearish.
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@kasrar, yeah, thanks, my logic was inversed.
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@kasrar, if the value of USD to CAD will drop ... you are saying that the pair should be sold thus bringing the pair to the downside... Is that a fair assessment?
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I am in a short and I hope it keeps going down, but looks like massive gap up at the open? You think this pair will keep heading down still?
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