The week of August 17, USDCAD had no high. Its open was its high. It then waterfalled down to under 1.30 before bouncing. That low was never revisited. After FOMC, I'd say everyone is expecting a quick return to bull and a quick return to dump town for the once-mighty USD.
I'd say they're right, but not before we see some good ol' fashioned manipulation.
Long a stop raid on anywhere around 1.312 for best results/RR. But we may not see such an opportunity since short sellers are trapped. Once the raid on 1.326 is complete, price will come down quickly and retail can quickly begin to buy the top on TSLA and APPL again, and that's where the real opportunities emerge.
Not that a 100 pip "scalp" isn't enough of an opportunity...
I'd say they're right, but not before we see some good ol' fashioned manipulation.
Long a stop raid on anywhere around 1.312 for best results/RR. But we may not see such an opportunity since short sellers are trapped. Once the raid on 1.326 is complete, price will come down quickly and retail can quickly begin to buy the top on TSLA and APPL again, and that's where the real opportunities emerge.
Not that a 100 pip "scalp" isn't enough of an opportunity...
Trade active:
I wasn't expecting to see this until Tuesday, honestly.
Trade closed: target reached:
Ding!
