anilmangal
Short

USDCAD still in a down trend !

FX:USDCAD   U.S. Dollar/Canadian Dollar
4253 9 169
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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Adriese PRO
9 months ago
Whew that can be scary, thanks so much for the caution Anil :)
+1 Reply
ieducswesps
9 months ago
Thanks for this Anil,very important.
Reply
danthetrader
9 months ago
Good job Anil as always! Hope we can get that move and doesnt surprised us as USDJPY did :) Have a great weekend.
Reply
Wave-Trader TOP
9 months ago
this pair behaving strangely sir
Reply
Laliberte PRO
9 months ago
goodone!
+1 Reply
NHTG
9 months ago
Thanks Anil. I'll be patient and wait for an impulse.
Reply
KennTrade PRO
9 months ago
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!
Reply
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
Reply
andreas1
9 months ago
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?
Reply
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