winerstep
Short

STILL ON BEARISH VISION FOR USD vs CAD

OANDA:USDCAD   U.S. Dollar / Canadian Dollar
748 15 14
According to the move of last week , we can see the line that we have R and S , some R was transformed to R after to be brokern
generaly we have inspected a fake break-out arround Sell Zone (134080-134300) some USA news Influence but quikly return to first S (support) at 133800
Finnaly we recommande to Go short to get TP1 by the next 4 hours candles, this step is important if stay more than one 4h candle on this area to confirme with an price action we can be sure to confirm target to TP3 next week ,otherwise we waiting a reel breakout to go short buying (SL hiting).
Comment: Even the oil going down more and more but not most infulence UC , the price was tested anthoer time the R at 134200 without succes.
We have identifed on Frame 1 hours one Channel , so the break out down this channel is a big signal to go Short selling to TP1 for the first hour.
Comment: After TP1 was reached , and price was given an strong selling signal at 1 hour frame , today the news oil was sepaking about oil stock and influenced the trend of price but not for long time , and i dont consider it like a reversal trend, so we still with our bearish vision we can take another selling positions from the top 1.34000 to next target with the some TP
Good luck
Trade active:
snapshot
After TP1 was reached , and price was given an strong selling signal at 1 hour frame , today the news oil was sepaking about oil stock and influenced the trend of price but not for long time , and i dont consider it like a reversal trend, so we still with our bearish vision we can take another selling positions from the top 1.34000 to next target with the some TP
Good luck
+1 Reply
Thank you!
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you are welcom , for any help
+1 Reply
in long run is bearish yes , but the corrections on monthly chart are still on .. it need 4 rejections . so now is up ,,

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its a probability , we waiting this week to confirm our difirents visions
its a pleasure for me ,You are Welcom
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Thanks for sharing!
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winerstep Abozahra
its a pleasure for me ,You are Welcom
Reply
Great thks
Reply
winerstep Smiley8080
you are welcom
Reply
I agree but we have to keep eye on USOIL next week
+1 Reply
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