-TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates
USDCAD W1: SHORT IT / breakdown / failure(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. Tagged as SHORT because I expect more downside short-term and mid-term as well.
previously recommended shorting USDCAD at market. trade already made money. click play to recap.
🔸 Summary and potential trade setup ::: USDCAD weekly chart review ::: identified two primary swings ::: 1700 and 2100 pips from high/low ::: still high downside from here ::: massive breakdown / failure ::: expecting 300-500 pips losses ::: 3000 realistic target bears ::: upside very limited from here ::: Recommended strategy: SHORT ANY RIPS/BOUNCES ::: can I wait for the bounce? well, may not happen ::: chart looks very weak / heavy, so straight dump ::: good luck traders 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9/Combo update: N/A ::: Sentiment short-term: BEARS ::: Sentiment outlook mid-term: BEARS