dRends35

CADUSD - Short Setup

dRends35 Updated   
FX_IDC:CADUSD   Canadian Dollar / U.S. Dollar
Another quickie here - short setup in advance.

CADUSD has hit a 1:1 3 wave potential completion here and has rushed passed the low. This I think is a retracement bounce and the dominant trend very much to the downside.

I have a limit short order @ resistance - 0.7821 looking for a fairly sharp downside reversal.

If it doesn't get there I've lost nothing.

Not advice.

Comment:
Filled at the exact top 0.7821!

Good thing I didn't set the limit order to the exact support 0.7822 or it wouldn't have filled 😄.
Comment:
Well it was good lower time frame but higher time frame looks to be setting up for a reversal and other /USD pairs potentially turning bullish so I'm exiting for small profit and await further PA.


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