USDCAD - Elliot wave Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Jul 22, 2016 10:59 AM

Elliot wave. There is also bearish divergence on the Stochastic Oscillator as well as point D of a bat pattern. Looks like a good point to go short

USDCAD

Comments

Pimmixx

⋅ Jul 22, 2016 11:06 AM

agree - entered at 1.31257. couldnt break and close massive resistance at 1.31398. entered mostly because of divergence - SL set at slightly above R1. would give it a try. Watch out News coming out soon on CAD.

mukkarramali

⋅ Jul 22, 2016 11:15 AM

Cool. Thanks

mukkarramali

⋅ Jul 22, 2016 11:16 AM

This is another traders position as well. Her idea brought it to my attention