I am personally seeing bearish potential in CAD all over the board. Cadchf, Cadjpy look especially bearish right now likely forming a larg top pattern. If 7900 breaks bulls look like to play out an bullish flag. So its better to exit there. I personally dont like to sell low , thats why i am waiting for a move higher before shorting this pair.
Blessings to you all.
Trade ist aktiv
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Entering half position at 0.7800 Stop for now 0.7903 Target is 0.7650
Will add second half if we get to 0.7850 area.
Kommentar
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Moving the stop lower to 0.7865. Placing it just a few pips above the sloping downtrendline. I have decided not to add on this position and leave it a half sized trade. Its showtime now, the 7800 level is important.