USDCAD - FOREX - 23. JULY. 2019

FX:USDCAD   U.S. Dollar / Canadian Dollar
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Explosive price action in shortterm timeframes

Sideways waving market with several pullbacks.

Overall bearish market at its support now, prices moving sideways now, looking for another drop .


ENTRY @ 1.31200
SL @ 1.31550 (35 Pips)
TP @ 1.30630 (55 Pips)
RR: 1.70
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(Remember to add a few pips to all levels - different Brokers!)

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Trade active
Trade closed: stop reached: This one closed with -30 Pips!
Hey man, just some constructive criticism - make sure to wait for price action to confirm your setup, right here bulls still seemed like they had a lot of strength, with higher lows and a recent break of the main resistance level. A brilliant trade here would have been a retest of that resistance level. <3
It is still to early to ride on Sell... Let the market move itself to 1.32

+1 Reply
I am still waiting to go short.... Waiting for the price to touch 1.32. If it didn't touch that I will not think to trade this pair.
+1 Reply
Thinkng same ! Thank you mate.
+1 Reply
DACapitalTrading aliercankeles
might need to wait it goes up
+2 Reply
Nice analysis. CAD will soon be getting stronger. I need just a good confirmation on H4 to go short in this pair. You can check my CAD Buying Analysis against other pairs.
CADJPY (Bullish)

CADCHF (Bullish)

and soon I will take some bearish action on USDCAD.

+2 Reply
@Hameedfx, We will see, thanks for sharing :)
I believe it’s about to fall now. Nice one
+1 Reply
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