USDCAD: Short for downtrend continuation

Oct 10, 2016

It's possible we get continuation of the downtrend here, considering oil's fundamental and technical landscapes.
There is a chance that we're seeing a terminal pattern, anticipating sharp declines ahead, after the end of this consolidation.
To enter the trade, you may short at market or on a retrace, as long as price doesn't hit 1.32933.
You can also use a stop at 1.33128.

Good luck!

Ivan Labrie.

Oct 11, 2016

Note

Shorted on retrace here.

Oct 11, 2016

Trade closed manually

I closed for now, it's not ready to drop yet. Down 0.3% on it, but made it back with the AUDUSD, NZDUSD, EURUSD shorts.

Oct 13, 2016

Trade active

Oct 18, 2016

Trade closed manually

Exit and flip long. Risk 300 pips down, 1-2% exposure.

Oct 18, 2016

Trade active