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mdzulfid

USDCAD: OBVIOUS SHORT with confirmation on Daily!

Short
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
mdzulfid Updated   
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Wave Analysis impulse compression USDCAD short
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waveanalysis impulse compression usdcad short
After retracing in a compression style in Daily, 240 and 60 last week, the market finally gave us a beautiful nicely formed doji followed by a bearish cs as confirmation on Daily. I am expecting confirmation on Weekly timeframe as well. Looking forward to add some more short positions!
Comment:
Wait for this week W1 candle to close. If it is a breakout close (aka engulfing the previous bull W1 candle), prepare to position your Sell Limit armies at those strategic confluences as we gonna have a long march down to our first check point 1.28695.
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