anilmangal
Short

USDCAD still in a down trend !

FX:USDCAD   U.S. Dollar/Canadian Dollar
4268 9 170
The usdcad             is still in a down trend , buying the consolidation an be very dangerous!! Most traders lose their account trying that. It is better to catch an impulse than to trade the consolidation.

Trade with care .
Have a nice weekend.

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Whew that can be scary, thanks so much for the caution Anil :)
+1 Reply
Thanks for this Anil,very important.
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Good job Anil as always! Hope we can get that move and doesnt surprised us as USDJPY did :) Have a great weekend.
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this pair behaving strangely sir
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goodone!
+1 Reply
Thanks Anil. I'll be patient and wait for an impulse.
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Good advice... FXCM - SSI is 1.7 long for this pair which is a contrarian short sell against the crowd. You can either be patient and wait for a divergence to form on the counter trend move, or be patient and wait for price to take out the swing low. It depends upon your Risk-Reward objectives.
Take care & follow the trend!
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I see internal weakness in this downtrend...
The CAD should be double strong now to continue this downtrend with the strengthening dollar.
USDCAD - Dollar hidden strength
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thanks Anil! It´s looks that you think!Hope the Oil will continue the up trend to confirm this... what do you think about it? the oil will be up this week?
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