#USDCAD-UPDATE: STRONG MOVE TO DOWNSIDE, SHORTS FAVORED! #FOREX
Traders,
UPDATE: Since the last idea, we are still firmly in the money. Expecting the bear move to continue and we are holding into the 3 wave long term target.
Nice opportunity to go short off of a nice rounding top after a weak bullish pullback into the bearish impulse. The rounding top has broken down by a nice compelling bearish engulfing signal, breaking the rounding tops range. Making for a high probability shorting situation.
---Interested in joining my professional signals group? Message me here on Trading view or email me with the email address on my Trading view profile page---
Best of luck,
Tom
UPDATE: Since the last idea, we are still firmly in the money. Expecting the bear move to continue and we are holding into the 3 wave long term target.
Nice opportunity to go short off of a nice rounding top after a weak bullish pullback into the bearish impulse. The rounding top has broken down by a nice compelling bearish engulfing signal, breaking the rounding tops range. Making for a high probability shorting situation.
---Interested in joining my professional signals group? Message me here on Trading view or email me with the email address on my Trading view profile page---
Best of luck,
Tom
