USDCAD: Tight stop short, low odds but big payout

FX:USDCAD   U.S. Dollar / Canadian Dollar
665 20
Interesting patterns in the rgmov line and in the price chart make me think this might be a good short opportunity as the last daily time at mode signal's target has been reached, while USDCAD posted a top and didn't make a new high with price today.
I'll enter a 0.5% risk short here, the stop is only 53 pips to the next monthly resistance.
It's worth a try, if it works we can scale in on the position.
Good luck!
Oct 01
Trade closed: target reached: Worked well, I booked profits too soon though.
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I'm agree
+1 Reply
Great, let's watch it.
I agree, this could be a big bearish move. I will look for an entry point using my trading system.
+1 Reply
IvanLabrie FullTimeTrader
Let me know what you find, the more elements that agree the better.
Also, EURAUD/GBPAUD might be ripe for a short now too.
went +/- same two hours ago.
+1 Reply
IvanLabrie oleg.golubovich
It's a VERY aggressive entry, but worth a shot!
This is not something I'd call trending right now.
Taget 1.22 ?
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