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USDCAD short !!!
U.S. Dollar / Canadian Dollar
Short
USDCAD short !!!
By KauaiFXtrader808
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Updated
Nov 28, 2017
6
Nov 23, 2017
Straight forward and clean
Short it since it has a very strong positive correlation with my usdchf idea, cant see why not.
Plan of attack!!!
bears broke trendline on yesterdays close
wait for pullback to trendline which will act as new resistance (previous support)
poe - 1.28219
Then take tp1 at 1.26192 (38.2% fib)
tp2 1.24055 (61.9% fib)
Sl on redline (above bollinger resistance) - 1.29808
RR= 3:1
Trade Safe!!!
Nov 28, 2017
Trade active
i decided to open a trade here on 1.27611
I will be looking to add more trades if it continues to head near 1.28
Nov 28, 2017
Note
i have added more shorts on 1.28 level lets see how this goes.
Dec 2, 2017
Note
Tp 1 almost reached... hang in there
Chart Patterns
Technical Indicators
Trend Analysis
uscdcad
usdcadshort
KauaiFXtrader808
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