jackmyattFX
Short

USDCAD SHORT- On the break and close below 4h TL

FX:USDCAD   U.S. Dollar / Canadian Dollar
I think we may have finished retracing for now and heading down.

-I want a break and close below the 4h trend-line in blue here
-Coincides with fib 0.618 retracement
-ABCD Structure in play
-We just bumped our heads on major monthly resistance of 1.4000 and held below
-A lot of long wicks around the 1.4000 too
-Targets as shown
-Another reason why we could be coming down is look left recent support when broken becomes resistance
Trade active: Be patient and wait for the pefect moment and confluence to get in.....no point risking money just to get in the trade :)
Trade active
Trade active: On the way to target. :)
Trade active: Taken some profits at the low but holding the rest :)
Trade closed: target reached: TARGET HIT
Trade closed: target reached: 370 pips on this one!
Trade active: 415 pips up!!!
snapshot


I think this is going to be a very big drop broken a very significant trend line here
Reply
uc nicely will fall down lol
+1 Reply
snapshot


BOOM
Reply
snapshot


Key level in the rectangle box here!!!!!! Good rejection and your worries will be over and head back down haha.

Trendline been respected is what we want :)
+1 Reply
annoying
+1 Reply
I agree
Reply
Jack, Tell UCAD to behave and head south, Lol
+1 Reply
I know ive been adding big shorts and with small targets so Ive taken a good amount of money from this pair so far but didn't anticipate this.
Reply
Hanu727 jackmyattFX
Ahhh FX! Never a dull moment. Lol
+1 Reply
Great analysis!!
+1 Reply
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