Dave-FX-Hunter

FX Hunter Wealth - 11/07/2019

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD - Monthly broken uptrend with strong, bearish engulfing candle, Weekly trend broken too. Daily is in downtrend.
COT - The banks massively reduced longs, They doubled their exposure in shorts. And net positions are just flipping to negative territory. Lets sell the break out.
Trade active
Comment:
New lower low created, expecting further drop down
Comment:
Closing break even before the weekend.

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