USDCAD fakeout play at 1.4151 level
- Admittedly, I made a premature entry earlier this week as I expected price to hold below the 1.4151 level
- Current fakeout where price crossed above this level very briefly and then crossed below it is a good signal that we can expect further downside ahead
- Before making a short entry play, we'll need to eye the 1.4118 level as we could potentially see this pair enter a range
- Current fakeout where price crossed above this level very briefly and then crossed below it is a good signal that we can expect further downside ahead
- Before making a short entry play, we'll need to eye the 1.4118 level as we could potentially see this pair enter a range
Comment:
Spoiler alert, I did not enter on this trade. Great move overall, regardless.
