IvanLabrie
Short

USDCAD: Interesting sell setup

FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD has an interesting short setup here, after retesting a heavy resistance zone , apparently completing a terminal pattern, completing a correction before more downside. We can short on weakness, and short rallies to the 1.35 zone. Price shouldn't go above 1.35565 here, so place a stop there, rather simple.

Good luck,

Ivan Labrie.
Nov 16
Comment: You may add in this zone:

Nov 16
Comment:
Nov 16
Comment: Profit of 0.85% rising 1% total now.

Hold for at least 3 days after today.

Then we can decide if we let it run or not.
Nov 21
Comment: Still choppy, but it could be viable to reenter. Stop was hit sadly.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Crypto, Equities and Commodities. Contact me here or @ http://www.fb.me/LabrieTrading
I'm new to this. It should resume general downtrend shortly?
Reply
IvanLabrie MorshedMustafa
@MorshedMustafa, hi, it's possible yes, worth a try, since we're at the top of the range and against resistance, risk/reward is good.
Reply
MorshedMustafa IvanLabrie
@IvanLabrie, Thank You
Reply
T.P level???
Reply
@johnjlw, hi, no to. I'll let it tell me where to exit.
+1 Reply
johnjlw IvanLabrie
@IvanLabrie, thank you
+1 Reply
Yep!!! This is a super sell....
+1 Reply
IvanLabrie RobbyWestHouston
@RobbyWestHouston, already 11 pips in the money. If we don't rally back into yesterday's range, it'll just sink really fast.
Reply
@IvanLabrie, Yep it will...I think the dollar index has put in a top. So this should head to 1.30 before any kind of a bounce or pause before going down more.
Reply
IvanLabrie RobbyWestHouston
@RobbyWestHouston, Yes for some time. It's mostly in a range for now. See my weekly DXY post.
Good luck!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Pine Wizards Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out