Dang, for now a Higher Low placed, and what's more look at USD/CAD. They move inverse, so if you've really didn't closed your shorts now and took profit you must be blind as a bat.
Could be short squeez, My assumption is that the trend down is stopped for now and shorts are closing their position. With some bad luck those who stay short will be squeezed out the market. I wouldn't be surprised to see 0.90+ very soon. Markets don't go endless one way, there will ALWAYS be BIG squeezes and it looks like the time has come. To many on the short side. USD/CAD starts to reverse after some stophunting so good luck with holding on your shorts. Especially now the Friday.
Could be short squeez, My assumption is that the trend down is stopped for now and shorts are closing their position. With some bad luck those who stay short will be squeezed out the market. I wouldn't be surprised to see 0.90+ very soon. Markets don't go endless one way, there will ALWAYS be BIG squeezes and it looks like the time has come. To many on the short side. USD/CAD starts to reverse after some stophunting so good luck with holding on your shorts. Especially now the Friday.