piphunters
Short

USDCAD: Excellent short opportunity

FX:USDCAD   U.S. Dollar/Canadian Dollar
1226 5 52
Analysis

The pair is in a corrective structure and looks like it is breaking below to the downside which would result in a resumption of the downtrend presenting short opportunities with excellent R/R.


Trading Plan

The following assumptions are made:

- Breakout price : 1.2986
- Confirmation price : 1.3012
- Minimum Forecast pips : 500 pips
- Maximum Forecast pips : > 1000 pips
- Duration: 2-10 days to several weeks
- Probability : >95.%

Trade active

Entry: 1.3012
Stop loss: 1.3108


IMPORTANT: The setups posted here are not trade calls or signals and are intended for guidance purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit http://www.thepiphunter.com and subscribe.
Comment:
Nice move. Are you on trade?
Reply
Still on the trade. Hoping it will drop down to 1.27500
Reply
Hi , any update on this pair ?
Reply
I think wave 4 is.at.the end and.wave.5 up starts here...
Reply
Great! Short this pair with you! Thanks for your sharing!
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out