Potential Short Opportunity USDCAD
We had a lot of buyers exhaustion today on the daily close. The wick of the daily also bounced right off of our descending trendline (3rd Tap) that we originally projected to break.
We are just watching as price action forms. Potential double top to form during London session tonight. However, we are currently neutral with profits taken from yesterdays idea.
Will our 1.31700 level break? Or hold?
I will be watching price action on the M30 timeframe (as that is where structure is most clear currently for this move) If I find an opportunity to ride the bearish wave, I'm in!
If this opportunity plays out, the 1.3113 level will be our 1st TP with our 2nd TP being 1.30550.
USE YOUR OWN JUDGEMENT!
We are just watching as price action forms. Potential double top to form during London session tonight. However, we are currently neutral with profits taken from yesterdays idea.
Will our 1.31700 level break? Or hold?
I will be watching price action on the M30 timeframe (as that is where structure is most clear currently for this move) If I find an opportunity to ride the bearish wave, I'm in!
If this opportunity plays out, the 1.3113 level will be our 1st TP with our 2nd TP being 1.30550.
USE YOUR OWN JUDGEMENT!
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