IvanLabrie
Short

USDCAD: Tight stop short, low odds but big payout

FX:USDCAD   U.S. Dollar/Canadian Dollar
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!
Ivan.
Trade closed: target reached: Worked well, I booked profits too soon though.
went +/- same two hours ago.
+1 Reply
IvanLabrie PRO oleg.golubovich
It's a VERY aggressive entry, but worth a shot!
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snapshot


Aforementioned monthly level. My stop lies a couple pips above it.
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IvanLabrie PRO IvanLabrie
(check out what the last high probability snapback sell signal did...)
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I agree, this could be a big bearish move. I will look for an entry point using my trading system.
+1 Reply
IvanLabrie PRO 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.
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That was tight...I covered 100% for now.
Booked my profits (which were OK) and will wait for confirmation but it's possible to see a retrace or reversal from here.
Watching.
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Nice move but might not be done yet.
Let's wait for a second entry with further confirmation.
USDCAD being tied to crude makes it really hard to predict a top (I normally consider this a useless proposition, but these are extraordinary events we are witneseeing)
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short
I'm agree
+1 Reply
Great, let's watch it.
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IvanLabrie PRO IvanLabrie
(long cadusd, short usdjpy)
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Watching, for now I'm in with a pending short in gbpcad.
This one will probably work but I'll wait for a clearer entry.
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Reshorted:

snapshot
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Taget 1.22 ?
Wow
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Even lower if this is a large scale trend reversal like I think.
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This is not something I'd call trending right now.
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