USDCAD Short

May 24, 2018

USDCAD is failing to break a major resistance level. USD pairs have reversed. USDCAD bullish pressure has managed to maintain a consolidation relative to other pairs, but a big move is overdue. This trade is using harmonic fibonacci levels as supports for price targets.

SL: 1.293
TP1: 1.2765
TP2: 1.263

May 25, 2018

Note

SL was triggered. A double top may be forming, which means a possible re-entry into the trade.

May 29, 2018

Note

Price has moved back within range for the past 12 or so hours. Will continue watching for a re-entry confirmation. If it breaks the SL level, it will likely re-enter the range of the past 2.5 months. Which means re-enter and aim for TP1.

May 30, 2018

Note

Peeked out of the range yesterday but it's back now. Still awaiting confirmation.

May 30, 2018

Note

As I said. Solid drop into the range. If you haven't entered already, I believe it will move towards at least TP1 (1.2765).

May 31, 2018

Order cancelled

A major support has been tested and confirmed in the 1.281 to 1.283 zone.