USDCAD: Breakout Signals Change Of Behaviour Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Aug 19, 2016 5:07 PM

Price has broken below the lower parallel of a rising median line, after multiple bounces from it. It might take a while but when price reaches the broken parallel we should watch for a sell setup to complete and go short with USDCAD.
I will update if a setup based on my strategy completes..

Thank you very much guys, for all your support..!

Comment

⋅ Aug 31, 2016 4:51 AM

Price has entered the sell zone. Watch for a sell setup to complete

Comment

⋅ Sep 4, 2016 4:49 PM

Massive rejection at the slide parallel of the median line. Watch my new idea for this market:

USDCAD medianline

Comments

-Andrew-

⋅ Aug 31, 2016 7:05 AM

Same view - Well done

Fxprotrader

⋅ Sep 4, 2016 4:50 PM

Thank you :)

RedQueen

⋅ Aug 23, 2016 6:54 AM

hai Fx,,

is this move can be considered as sell setup,, :D

Fxprotrader

⋅ Aug 23, 2016 7:53 AM

This wedge looks good.. But i expect price to move higher and then drop. But if you have a tested strategy on wedges you may trade it.. Good luck :)

Jahid

⋅ Aug 20, 2016 1:41 PM

same on view -

pip_hunter

⋅ Aug 22, 2016 12:31 AM

Hi FX ,do you think Nzd/Jpy might retrace to 73.50?

twitter.com/kevsta35/status/767516320564850688

Fxprotrader

⋅ Aug 22, 2016 4:35 AM

It's in a consolidation... So if it breaks below the triangle it has many chances to reach 73.50

pip_hunter

⋅ Aug 22, 2016 7:00 AM

Thanks for your input FX.Im short at 7300 .Lets see how I ago .Cheers

AlbCM

⋅ Aug 19, 2016 5:37 PM

that's a good projection. However, I would extend the downward line till 26-29 Sept.

PhaniKumar

⋅ Aug 19, 2016 5:23 PM

thanks