Technician
Short

USDCAD: Looking for a bearish correction

FX:USDCAD   U.S. Dollar/Canadian Dollar
622 5 4
Ufalling channel as price forms multiple pin bar candles at rising channel resistance. A slight divergence on RSI as well.

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"No good, no good". Excellent counter-commentary vaicru. Concise. Succint. Anyway... Long... what thinketh now brown-cow? Yer stop is taking some serious heatr and the channel has been well and truly broken. It's the last thing I want is this channel to be dead, because I'm Canadian and this suits me at the moment.... sucks when one day you've lost 1k from your account without having made a trade. Looks it may be time for me to throw a hedge out there omn the market. I'm emotionally attached, not totally trusting myself on this call..... my account base curr. is Canadian dollars b/c I'm still reg'd here in BC as my primary residence, yet I earn USD$ as a trader, and spend EUROs b/c I live in Amsterdam.... hell, that's reason enough to have a FX account! I was warned of this potentially 52week - 104week high by a buddy in the Dutch Central Bank... he doesnt know anything more than I or anyone else, but he does know how to read the tea leaves better than I do... Damn. I'm off to go find I reason to tell myself I can short this now.... let me know if you still feel confident here... and why! Cheers - A'dam Whale
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no good no good
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Japanese Candlesticks might a good signal, but be careful, you should refer some volume indicators to confirm it. Good luck.
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LOL
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No volume indicators in forex, good luck
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