USDCAD

15 May 2020

Waiting for confirmation next week on a direction - the price could come up and complete a Harmonic pattern at the demand level above. Overall CAD bias is short in terms of COT data. supporting a long idea. The Gann levels have been well respected, so the reason for a neutral bias currently is purely waiting on confirmation of a DXY pullback or breakout early next week.




Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.

19 May 2020

Not

now looking for short - did not reach D. No entry yet.