The808Trader

USD/CAD Short Ichiomoku Trade Idea

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
This pair has entered into the cloud and is currently ranging. Right now we have bearish signs but I am waiting for a bearish future kumo twist and bullish kumo breakout to get into a sell. I also want to see the flat area of the cloud broken since it is a strong support/resistance area. As long as those conditions are met I'll enter the sell. If these conditions are not met, trade will be invalidated.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.