Short term trades, one more day of upside before downturn begins

٢٧ أبريل ٢٠١٨

I believe we have at least 1 more day of upside on USDCAD. I'm getting ready to initiate a short position on the daily time frame, but for now I am watching the corrective structure unfold. There is no way to know for sure how the structure will unfold, but I believe it will be something like this.

Not trade advice, simply intraday forecasting for theoretical purposes.

٢٨ أبريل ٢٠١٨

تم فتح الصفقة

Price movement unfolded exactly as predicted. Holding my short from 1.29850.