Although I wasn't able to involve myself in the predicted breakout lower, USDCAD gave us a few advanced pattern formations during the week that played out really well.
Similar to the GBPUSD trade that I just posted, what I'm looking for here is a retest of a previous level of indecision and a continuation lower.
I believe that Canada can go as low as $1.25's before finding it's next major level of support so during these next few weeks, I'm still looking for short opportunities until the markets tell me otherwise.
This pair was also covered in yesterday's video, for those who are looking for a more detailed study
Akil Stokes
"Plan Your Trade, Trade Your Plan"
Similar to the GBPUSD trade that I just posted, what I'm looking for here is a retest of a previous level of indecision and a continuation lower.
I believe that Canada can go as low as $1.25's before finding it's next major level of support so during these next few weeks, I'm still looking for short opportunities until the markets tell me otherwise.
This pair was also covered in yesterday's video, for those who are looking for a more detailed study
Akil Stokes
"Plan Your Trade, Trade Your Plan"
"The Trading Coach Podcast" - Available on your favorite podcasting app!
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