USDCAD longer term Shorts, consecutive candle idea

15 oct.

This is a simple stats based short idea, the consecutive candle count is nearly at a new record high, last time it was this high was back in 2017 so these opportunities don't come up often. Mean reversion is coming so let's make some hay while the sun shines :)

Start entering shorts now and then enter more if it goes higher, don't go crazy mind, it's all about risk.

You can see a new custom indicator I've been working on.

29 oct.

Note

Well it kept going! It seems t be stalling a bit now, time for more shorts and wait for the pullback. The last time we had a leg up longer than this was back in 2022 and I think that was caused by the falling oil prices of which CAD depends.