Kumowizard
Short

USDCAD - Daily HA sell signal, validated by 4H Kumo breakout

FX:USDCAD   U.S. Dollar/Canadian Dollar
249 1 2
It took some time, but finally it looks like we have a valid counter trend sell signal.

Daily:
- Yesterday HA candle showe undecision and possible turndown
- Today HA candle is bearish with no upper wick
- haDelta/SMA3 bearish , Oscillator turned bearish too

4H:
- there was some hesitation in the Kumo, with a slight retest to 100 WMA today in form of an undecided HA candle. Recent candle gave the push, bearsih break below Kum, with haDelta confirming the already bearish DMI             .
- Tenkan/Kijun medium strong bearish cross, Chikou medium strong bearish cross below Price candles. If chikou breaks below Kumo, that will be further confirmation for bearish extension.

Sell and hold shorts. Tgts are 1,2260 and 1,2100. Stop above 1,2610 or 1,2640 (according to your own risk management principals)
Kumotrader
2 years ago
How do you think about the probability of this trade? I agree that the indicators are looking quite nice but on H4 there are some short term support areas (granted those were while price was in kumo and now we are out) and a Chikou bounce from kumo bottom is in the cards too.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out