USDCAD short trade gets a trendline

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The USDCAD trade is now 17 days old and is making slow progress. After riding out a bullish candlestick pattern last week I have been able to draw the first bearish trend line, this is always a good sign, it means a lower high is in place adding extra confirmation to the bearish scenario. I consider myself a forex value investor and trades typically last 6 months or longer, this initial phase is always the most difficult. I am always trying to get into a trend as early as possible and many of the trades fail when the trend does not develop. Still major fundamental headway for this trade and a resistance zone that held last week however I continue to hold short

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.