USDCAD potential downside move (short) on H2 timeframe
USDCAD have been on bullish move since last week and now I am awaiting slight retrace to 1.32500 area(Intraday support)
and then to 1.31850 (Daily support), which could be swing target for this pair.
This idea also confluence with my idea on USOIL, where i m awaiting big upside move from longterm point of view.
USDCAD rejected twice time major support on H4 and now is breaking counter-trendline, what means we are
in the short right now. Stop loss should be above structure and support.
Don't forget to trade with proper risk and money management. Good luck guys and gals.
and then to 1.31850 (Daily support), which could be swing target for this pair.
This idea also confluence with my idea on USOIL, where i m awaiting big upside move from longterm point of view.
USDCAD rejected twice time major support on H4 and now is breaking counter-trendline, what means we are
in the short right now. Stop loss should be above structure and support.
Don't forget to trade with proper risk and money management. Good luck guys and gals.
Trade closed: target reached:
First target hit.
Comment:
Playing out perfectly so far. Put your SL in profit guys and enjoy the ride
Trade closed: target reached:
Im sorry for my late update since i wasn't at PC, but USDCAD hit profit area pretty nice.
Now we can see some slight retrace and then go for second TP.