andrew.berg
Short

USD/CAD complex pullback, resumes downtrend

FX:USDCAD   U.S. Dollar/Canadian Dollar
Pair pierced above resistance and trapped buyers when price dropped below 1.09050.

I am watching to re-short with stop above 1.09051 and previous swing high at 1.09255.
Target is support at 1.08765 and then I think that we will see lows at 1.08133, but it can take some type.

For more detail analysis chek my previous idea on USD/CAD            

Related Ideas

ForceFollower
2 years ago
Sure. Now I am only waiting for some lower high.
Reply
andrew.berg PRO ForceFollower
2 years ago
on lower time frame you can find entry point. for example, on 15 min chart my 8 and 21 EMA following price nicely, so you can use them
Reply
andrew.berg PRO ForceFollower
2 years ago
We had a nice retest of 1.09050 - good point to enter short as for me
Reply
ForceFollower andrew.berg
2 years ago
Yes, I entered short.
Reply
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