USDCAD - Potential Correction, SHORT
Dear Friends,
How I see it:
Daily Candle body closed below range
A re-test of fair market value is always possible.
OR
Maybe price will just re-test the breakout zone of the range.
We are looking for persistent rejection candles upwards to confirm the breakout.
** I want price to break and hold below 1.42800.
** A higher probability short entry should've been above or closer to FMV.
(So, another test run up will be awesome!)
Keynote:
It is the first week of the year, a bit of uncertainty in the market, be SAFE!
I deeply appreciate you taking the time to study my analysis and point of view.
Disclaimer
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.