potential short for usdchf, swing trendline was broken, and institutional resistance aligns with the fib level. Watching for tomorrow's NY session.
Momentum of both USD and CAD indicate UC may be preparing another deep drop.
Buy UC rn stop loss is clear, but stay updated for when I take profits markets have been moving weird so might be looking to take profit early
Right now we have a nice setup on UC which is forming before the FOMC. I hope they going to do provocation till the our LIMIT orders
Since price is pushing down to form the weekly liquidity wick, i'll be looking to grab a quick scalp in the process. Once price gets to 1.34000, i'll be looking to get buys back up as the overall momentum is still bullish.
undamental analysis is indication a strong bias to the Canadian dollar strengthening and the US dollar losing strength, indication a possible short of USDCAD . Looking for the retracement of this strong bullish movement this week. News: NFP and CAD employment rates
This pair has been trapped within a large complex correction between 1.38 and 1.20. This move down started for the top could breakdown support soon to pass all the way down into 1.20 area to tag former valley. Then another seesaw move before the final drop occurs.
UsdCad- short opportunity _ I am grateful to have been taught by God and myself on trading. My money grows everyday.