mulchen

USDCAD - Potential pullback for short !!!

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
Hello everyone, if you like the idea, do not forget to support with a like and follow.

The following confluences have been observed and satisfied with the direction of market. Our plan is to bid at better price and hoping the market pick up our bid and move further with trend.



M55 (T.Cont.A-Clim.VPOC)
1. (D1)(Y)(MUST) AutoClimate has room for moving down (Curr:4 / Std:4.79)
2. (M55)(Y)(MUST) Has valid UFO area, VPOC inside UFO area
3. (M55)(Y)(MUST) EMA9 Daily within UFO area
4. (M55)(Y)(MUST) (Stochastics 14,3,3) are above 60



M55
USDCAD SELL @ 1.27265
SL 1.27445 (18.0)
TP 1.26725 (54.0)
CANCEL THE ORDER WHEN EMA200 ON H1 MOVE BEYOND UFO AREA




Note! Any trades you decide to take are your own. The trades shared here are for educational/informational purposes only and are Mulchen's personal trades.


Good luck!
~Mulchen, CISSP
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