So, I'm no expert at this just yet but I have been practicing and seem to think that this idea will play out as I am predicting it to... Please don't take this idea as financial or trading advice of any kind - instead, if it is not correct, can someone please tell me where I went wrong? Happy trading everyone!
Possible swing short in usd/cad for the next days. We are waiting for confirmation in the 4h chart aiming to see rejections of the trend line area. It's close to a buyer zone so if breaks out in that case we will be placing buys for a nice swing. For now I present the trade idea, follow the updates to see if its valid or not.
Just a quick trend analysis. Nothing special but with the right amount of patience, could be some profits if the structure and the trend lines are respected... That's why we love GBP pairs right?!