first confirmation for the short trade would be 2 candles on H1 break and close below 1.2846
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for short, pay attention to 1.2821 break and close below - on a daily basis - will confirm short
but first, i think, in may he'll go a bit higher
weekly
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on friday i commented, USDCAD on monday up to 1.28911 ... he did it that way.
still, I think he is not ready to fall for another 2-3 days. break and close on a daily basis below 1.2821 would initiate short move.
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we get the last chart above... TP = red lines
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all 3 targets reached - red lines from last chart above... yesterday
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TP done
there i went long with TP 1.2831 1.2912
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my last post for long - above - both TP: 1.2831 1.2912 done... and now?!?
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i'll ty SELL @1.2966 SL above the red line 1.2980
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USDCAD: more strength is probably ... there are a few variants but here is one of them ...
(next week i will close my short ... a small profit would be possible)
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will USDCAD respect the diagonal as resistance ... even if not immediately but i think he should fall... if not before, then latest on friday or at the beginning of the next week at the moment i do not see weekly close above 1.31
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first break and close on H1 bellow 1.29595 (green line) TP red circle today 1.2986