USDCAD: Back to the uptrend mode

The time at mode trend signal in USDCAD has exhausted the forecasted upside, so it's likely to return back to the uptrend mode as the arrow shows.
We can short under yesterday's low today, before the close. If not filled, we can short under today's low, with a stop at today's high after today's daily close. Risk 0.5-1% on the trade.

Good luck!

Ivan Labrie.

Commento:

Not quite there yet, we can enter on a break of a daily low.

Trade chiuso manualmente:

I shorted at the daily open but covered already, I'm not too thrilled with oil's performance for now. I want to keep risk to a minimum this week.

Commento:

Reshorted here 1.31856. Stop: new high at 1.32479.
My previous exit was near today's low.

Trade attivo

Trade chiuso manualmente:

Booked profit for now, looking like it can break to the upside.