[Intraday Trade] USDCAD to upside

Although I have been in multiple USDCAD shorts the last week my strategy is telling me to go long now.

• DXY is gaining some strength and CAD has become very weak.
  
• The price has broke the bearish structure and I will try to enter the trade on a retest, if we get a pullback.
  

Trade active

Comment:

It appears to be a huge fakeout. Still in the trade but I am prepared for a loss on this one.

CAD has gained strength and DXY is playing around again.

Comment:

Got out on that last drive up to avoid further losses. In parallel entered a small short with a tight stop loss as it looks like this is continuing down after that fakeout.

Comment:

I am still frustrated with this trade. From wick to wick that fakeout was 53 pips!

I hope it melts down now that I am short... At least enough to get back my loss.