USD/CAD H4 - Potential Short

Sep 30, 2019

USD/CAD has been ranging since mid September and we're anticipating a break to the downside. If price could break below ~1.3230 and maintain, we can look for sell positions. In addition, price has fallen below 200EMA on Daily and H4.

Let's wait for confirmation to find a sell entry if price breaks and holds below.

TP 1: 1.3180
TP 2: 1.3140

Oct 1, 2019

Note

Price is approaching our entry zone. Waiting for confirmation on lower time frames to find a good entry for a sell.

Oct 2, 2019

Order cancelled

Price seems to be pulling away from our sell zone. Until it gets back in the area with a break and hold below 1.32150, then we could look for our sells. But for now, we'll close this trade idea.