USD/CAD… Is it a good short trade after tariffs?

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You must be a fortune teller… Don’t try to predict, just react

This prediction didn’t turn out well

Zuri said:
This prediction didn’t turn out well

What’s with that candle up high?

To be a profitable trader, respect market trends and don’t force your trades. There’s a lot to analyze, so look at many pairs. Wait for the right moment to enter your zone, even if it takes days. When you’re there, take your shot and make the most of it. Forcing trades won’t help you in the long run. Your analysis shows nothing bearish here, so please rethink it to avoid quick decisions.

@Denver
That’s fair

I checked the USD/CAD exchange rate on Google and saw it hit 1.47

I think the USD will go up and the CAD will drop

With the US dollar getting stronger, usd/cad looks like a long trade for now.

That’s risky

Blaine said:
That’s risky

Yeah

Nobody can really know, we’ll see how the market reacts

Taylor said:
Nobody can really know, we’ll see how the market reacts

Very true

It looks very bullish to me; I would be cautious though

This can’t be serious

Marin said:
This can’t be serious

Yep

Expect a big gap when we open at 6 PM EST

There’s an old saying in forex: Every gap must close. Most will close quickly unless they’re huge. I think it might bounce back a bit before maybe topping and coming down again

It depends on your strategy. I would suggest letting the market settle for a day or two

If you sell, you’re likely to lose.

I suggest buying for at least the next two weeks