Short term trades, one more day of upside before downturn begins
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I believe we have at least 1 more day of upside on USDCAD. I'm getting ready to initiate a short position on the daily time frame, but for now I am watching the corrective structure unfold. There is no way to know for sure how the structure will unfold, but I believe it will be something like this.
Not trade advice, simply intraday forecasting for theoretical purposes.
Not trade advice, simply intraday forecasting for theoretical purposes.
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Price movement unfolded exactly as predicted. Holding my short from 1.29850.
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