USDCAD: Bearish Pressure

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Jun 25, 2015 5:22 PM

If price breaks below the trend line & the Stratus Cloud Formation, we would look to short the USDCAD for a intraday swing lower.

We are neutral until price shows its intentions. Trade what you see not what you think.

Comments

Thorm

⋅ Jun 25, 2015 5:50 PM

Hmm i think its going back to the 1.24...

KingdomRichOffical

⋅ Jun 25, 2015 5:55 PM

It could, if it produces a bullish reversal a trade up to 1.2400 looks good too! Just waiting for the market to tell me what it will do

MarkLangley

⋅ Jun 25, 2015 5:23 PM

been watching this all day waiting !!!

KingdomRichOffical

⋅ Jun 25, 2015 5:49 PM

lol its teasing us

MarkLangley

⋅ Jun 25, 2015 6:07 PM

1.2360 needs to be contained on hourly to maintain the bearish out look , teasing an under statement general consensus for the market today gives you a taste then backs off..hahah