As what I had plan earlier, Im choosing to make short position on weekly USDCAD. The decision has been made from my weekly analysis & mapping process using BBMA.
As now I notice and should you too now look on the support resistant Zone on H4, and the reason why I make short position now is because on weekly first purple touched. When price go up to the any purple color, I will choose to do short position.
The possibility to go up is also high, notice that purple line not cross out from upper band yet, and we wait for this signal Extreme.
And what support short position earlier is H1 already in extreme short from last week. Now the possibility to start downtrend is really high. And I choose short position for this week.
Happy trading, and happy eid al mubarak!
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