Big Profits As USDCAD Falls

USDCAD came through with the goods again with a very profitable short. EU and NU also turned out nice as well so I'll share those with you too.

USDCAD

We had a nice short on this pair a few weeks back after price transitioned into a downtrend. If you missed that one you can see it here.

Price came back to the same level and there were multiple reasons to get back in for a short.

We were still in a downtrend, buyers showed exhaustion, there was supply on the H4 and the daily. Everything pointed to a short.

30m gave us a clue...

 

Then all we had to do was wait.

For this....

EU

Clear uptrend on the H4 so we were looking for longs. The daily let us know that price could be ready and the lower timeframes confirmed.

Then boom!

NU

Uptrend with a very deep retrace.

Lower timeframes confirm.

Then we ride it up.

Another good week and now we wait for more next week.