USDCAD looking like the cleanest today

The dollar and cad look the most decisive with their respective strengths. The USD looks weak today and the CAD looks strong. Which means to look short on this pair.

I like the equal lows (light blue), I've been waiting for price to retrace back to those bank sell orders that are still open. The banks need to close out in my opinion. I'm not sure if price will hit it today, but we'll see.

Look for the banks to trap people selling a support break, as they close all their orders just below it. They will be able to buy against everyone selling

Comment:

i'm looking to short a news stop hunt if we get one. The odds are pretty slim for this to happen but i rather be stingy on a friday then sloppy with my trades. I'm looking for them to clear the equal highs on the 1 min, as they have heavy volumes just above it. Most traders are probably trail stopping these swing lows. it may be too late to get in on this one though, we'll see.

Comment:

sitting this trade out, price dropped to far, plus its friday