Hey Guys!
The Usd/cad's weekly bias was short. Or in other words, price was likely to reach 1.2400 before reaching 1.3075.
However, there was lower confirmation last week that changed the weekly bias into long. In other words, price was now likely to reach 1.3075 before reaching 1.2400.
So I was waiting for lower confirmation of yet again strong short strength to confirm a weekly short bias, however, it never formed thus I did not enter this set up.
In this post I review the set up from start to finish. As well as what I'll be looking for in the coming weeks on this pair.
That's it! I'll keep you guys updated!
Ken
Disclaimer: This is not Personal Financial Advice.
The Usd/cad's weekly bias was short. Or in other words, price was likely to reach 1.2400 before reaching 1.3075.
However, there was lower confirmation last week that changed the weekly bias into long. In other words, price was now likely to reach 1.3075 before reaching 1.2400.
So I was waiting for lower confirmation of yet again strong short strength to confirm a weekly short bias, however, it never formed thus I did not enter this set up.
In this post I review the set up from start to finish. As well as what I'll be looking for in the coming weeks on this pair.
That's it! I'll keep you guys updated!
Ken
Disclaimer: This is not Personal Financial Advice.
Forex Trader/Forex Trading Education/Weekly Forex Forecasts and Midweek Forex Analysis