If USDCAD ends in a doji, reversal in direction? Short

U.S. DOLLAR / CANADIAN DOLLARICE

Description

⋅ Jul 26, 2016 4:47 PM

Here is a daily chart of USDCAD, as you can see, it seems to be making a trend cycle. If the daily candlestick ends as a doji it could be a possible turn in direction and a chance to short. If this happen, this short would probably be a retracement before continuing up.

Please trade using your own discretion.

Trade closed: target reached

⋅ Jul 31, 2016 2:29 PM

Take the profit and run!

Comments

JMML

⋅ Sep 23, 2016 2:51 AM

Any indicator indicating the doji candle?

Raz1

⋅ Sep 23, 2016 10:44 AM

Hey JMML, I don't use any indicators, just price action and S+R levels :)

GuyI

⋅ Jul 26, 2016 5:01 PM

ok i will consider it :]
thanks

Raz1

⋅ Jul 26, 2016 7:26 PM

If you do short, consider where to take your profit as this could just be a retracement of the uptrend.