USDCAD - FOREX - 23. JULY. 2019 Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Jul 22, 2019 10:14 PM

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1 HOUR
Explosive price action in shortterm timeframes

4 HOUR
Sideways waving market with several pullbacks.

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

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FOREX SETUP
SELL USDCAD
ENTRY @ 1.31200
SL @ 1.31550 (35 Pips)
TP @ 1.30630 (55 Pips)
RR: 1.70
Use 1% risk per Position!
(Remember to add a few pips to all levels - different Brokers!)

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Have a great week everyone!

ALAN

Trade active

⋅ Jul 22, 2019 10:14 PM

Trade closed: stop reached

⋅ Jul 29, 2019 5:30 PM

This one closed with -30 Pips!

Comments

Future_Wei

⋅ Jul 23, 2019 10:44 AM

might need to wait it goes up

DACapitalTrading

⋅ Jul 23, 2019 3:44 PM

@Future_Wei, yep

Hameedfx

⋅ Jul 23, 2019 8:24 AM

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.

DACapitalTrading

⋅ Jul 23, 2019 9:24 AM

@silenthunterfx, We will see, thanks for sharing :)

Make_Money_Guru_Bitcoin

⋅ Jul 23, 2019 6:26 AM

Nice structure

DACapitalTrading

⋅ Jul 23, 2019 9:24 AM

@Make_Money_Guru_Bitcoin, Thanks

UnknownUnicorn4859181

⋅ Jul 23, 2019 2:51 AM

Thanks For sharing sell setup on USDCAD i entered Buy position previous week and gaine nealy 40 pips : ) Now lets go for sell : ) Lets smash it ..hehe

DACapitalTrading

⋅ Jul 23, 2019 9:24 AM

@dhirajvs, Thanks for sharing with us mate :)

Hameedfx

⋅ Jul 30, 2019 6:08 AM

It is still to early to ride on Sell... Let the market move itself to 1.32

Hameedfx

⋅ Jul 30, 2019 6:07 AM

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.