IvanLabrie
Short

USDCAD: Tight stop short, low odds but big payout

FX:USDCAD   U.S. Dollar / Canadian Dollar
665 views
26
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!
Ivan.
Oct 01
Trade closed: target reached: Worked well, I booked profits too soon though.
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

Comments

short
I'm agree
+1 Reply
Great, let's watch it.
Reply
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.
Reply
went +/- same two hours ago.
+1 Reply
IvanLabrie oleg.golubovich
It's a VERY aggressive entry, but worth a shot!
Reply
This is not something I'd call trending right now.
Reply
Taget 1.22 ?
Wow
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library 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