DislikedThis is gonna be one hell of a spot IMHO.. your on the bull side of this line I wouldnt short yet.. but if u did.. 9985 is a good point.. with a 100 point stop.. would be a longer trade until then id trade the long side of the triangle with tight stops.
I think its best to take the longer term trade on this or stay to the side honestly.
if this breaks im gonna be pissed tho.. cause that means more canadians will probably be visiting and using the exchange rates to go on vacations and view america..Ignored
Looking at the same chart, would you consider this to be one of the setups you've been talking about. Price came staggering down with stops placed behind the swing highs marked in purple. Price hit obvious barrier and reversed, triggering the stops previously mentioned.
Oh ya regarding the Canadians coming into the States if it drops, how would that be a bad things because that just means more money will be flowing from across the border.