USD/CAD 4H SHORT - SELL THE CORRECTIVE WAVE Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Jan 24, 2019 3:33 PM

Hey guys,

Decided to share my trading ideas.

The LONG SQUEEZE is done, hence we want to go SHORT around 200 MA on 4H chart.

1. We see volume decreasing going into key 1.34 level, so psychologically traders are more likely to take their profits.
2. Daily candles are not trending - the structure is mathematically incorrect.
3. 200 MA plays the big part on 4H chart approaching end of the week.

My ENTRY is: 1.3365

Looking for a 120-140 Pip move down.

Check me out on: https://www.forexandtravel.com

Comment

⋅ Jan 25, 2019 9:14 AM

Hey everyone,
So, as i see the idea is active. Will be watching closely today though, not sure if I eant to have it open through the weekend.

Check me out: forexandtravel.com

Trade active

⋅ Jan 25, 2019 11:29 AM

MAKE SURE TO JOIN OUR TELEGRAM GROUP:
t.me/tradertravelsforex

Trade active

⋅ Jan 25, 2019 1:51 PM

Nicely done whoever got in.

Trade closed: target reached

⋅ Jan 31, 2019 12:18 AM

Closed today with a nice profit after Consumer data weakness was expected in forecasts. Interest Rate decision was a no brainer.

Comments

Boon2

⋅ Jan 26, 2019 2:48 AM

USDCAD D1 Critical Point. Checkout the idea detail's and all the update's for the complete picture!