ABCD corrective structure pulled back to 0.618 area, also a bearish harmonic pattern. Strong resistance from 50.80 to 51.20 and a good risk&reward ratio.
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If price pulls back to 50.45-50.50 area and a reverse candle is observed, probably could add short entry
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Some thoughts on USDCAD, Watch oil drop to 49.25-49.40 area. Based on the pattern of USDCAD, oil might pull back from that area. Don't chase the price, short the pull back!
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Nothing has been really changed yet. Would like to see the data reaction tomorrow. Set a comfortable stop loss and that's it!
Trade geschlossen: Stop wurde erreicht:
Still entered early, not patient. Reexamine it later.