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!!!
I have same view. Good luck ;)
+1 Reply
Great good luck
+1 Reply
Your posts are best as usual!!! thumbs up. keep up the good work.
+1 Reply
Thanks glad you like them :)
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been shorting! dropping nice
+1 Reply
jackmyattFX DAVID_GIRALDO
Yeah mate was really stubborn earlier but now moving nicely. BOOM
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A* set up!
+1 Reply
jackmyattFX Jimmy212
Thanks mate
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Jack, where is your trade from. Did you activate twice?
+1 Reply
Activated on the clean break into the green area mate. Theres no other option on the dropdown but I wanted to update the status to tell people to be patient :)
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Hanu727 jackmyattFX
Well done Jack. Good luck mate and thanks
+1 Reply
Thanks mate good luck £££££
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Bought WTI on the daily pin bar, saw your post, follow you, hope for a positive trade. Thank you for your support of the post, very nice!
+1 Reply
jackmyattFX dizel100
No probs mate good luck with your trading Il keep putting accurate analysis on here.
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Great one but little late for me, I will wait for a retrace to the 4h TL to enter short, yeah?
+1 Reply
Id scale down the timeframes to see the best time to jump in if it has legs there should be loads of opportunities mate :)
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Gino jackmyattFX
Thanks, I'll keep you posted if I do.
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Gino Gino
Now I see the .5 Feb is possible reentry for short.
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Great job jacky.
+1 Reply
jackmyattFX forexmech
cheers mate
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Thank you for this awesome chart ! :O
+1 Reply
jackmyattFX kallentto
Thanks mate
+1 Reply
Great analysis!!
+1 Reply
jackmyattFX Georgemyatt
Cheers bro
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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.
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Hanu727 jackmyattFX
Ahhh FX! Never a dull moment. Lol
+1 Reply
annoying
+1 Reply
I agree
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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
snapshot


BOOM
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uc nicely will fall down lol
+1 Reply
snapshot


I think this is going to be a very big drop broken a very significant trend line here
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