Entered short positions on USDCAD looking for either a short term pullback from resistance or hopefully a longer term side ways move to test previous supportive areas.
Well price may not make very fast moves this week I want to catch something rather then nothing. So remember overall bias is short but I want to catch the retracement while we wait for the larger moves.
I will be looking for small positions for further downside this week but am aware we could be in a possible reversal situation still... overall on the daily I want to see price still make a push to the upside but I think we could be in for a bit of consolidation first! This is just my view so trade at your own risk and do your own analysis as well. Hope everyone...