USD rally potentially coming to an end - USDCAD Short
Updated
The USD really for the past week has been amazing. We caught a nice short on the NZDUSD from the highs of 0.7020 taking profits of +220pips at .6800.
Now I see this USD rally potentially stalling, USDCAD just completed a Bearish Shark Pattern. Looking for price to react at around the 1.2990/1.3010 levels. Expecting RSI to move up to test the OB zone once more before the big drop.
Now I see this USD rally potentially stalling, USDCAD just completed a Bearish Shark Pattern. Looking for price to react at around the 1.2990/1.3010 levels. Expecting RSI to move up to test the OB zone once more before the big drop.
Trade active
I took half a position at 1.2950 and queued the other half at 1.2995. Never got to my queued price and it dropped. Drew a resistance trend line off the top, if price moves up and violates the trend line, I will be out of my short and then focus on the 1.2995 levels againTrade closed manually
Took profits on the half position with +100 pips. Waiting to short at a higher price again
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