USDCAD - Pattern Completion

Note(s):

Advance pattern completion for a valid/legitimate Short. (You can go & Short it right now - I'm currently in this trade with a 1-lot Short position.)

*Watch out for a potential re-bounce at the 1.30140 pivot level. (Protect profit with a T-SL or BE-SL)

*I will try to post a chart whenever I spot good trading opportunities in higher time-frames (15mins chart & above).

Best regards.

Comment:

Just added another Short position at the current (higher) level (1.31061).

I also took EURCAD Short at 1.46003 earlier today (as there was a sell signal in the 5mins time-frame - meant for a scalping trade). But still holding this position currently (with SL at BE now).

USDCAD is still putting up because the USD is really very strong...

Regards.

Trade closed: stop reached:

Stopped out USDCAD. (I was well prepared to accept that loss for USDCAD anyway - it was just a bonus trade, which I decided to catch, that didn't went as expected.)

I shall make back this loss with my powerful scalping strategy in the 5mins time-frame.

Regards.