This pair has huge potential to the downside, however I don't want to just hold it if it keeps going up. The cad pairs news spikes kinda disrupted their patterns, and they went sideways. The point of Ncad is it is sitting right above that 38% fib, and if you refer to my other posts or watched the video you would see what I was looking at. But if it gets driven further I am not in it. It will take some time before we have "confirmation" of actual longer term sell. If it breaks this area it could spike up quite a bit, but I will continue looking for sell setups.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.