usdcad at res level Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Mar 17, 2015 11:30 AM

stop 20pips above recent highs

evening star in 240:

weekly:

Comments

ForceFollower

⋅ Mar 17, 2015 2:34 PM

On a weekly chart, it seems to have formed a rounded bottom. This market may want to test the prior highs.

ForceFollower

⋅ Mar 17, 2015 2:32 PM

On a daily chart this looks like in an up trend.

ForceFollower

⋅ Mar 17, 2015 2:37 PM

On a monthly chart though yo can see that price found resistance at the upper median line parallel.

itaskar

⋅ Mar 18, 2015 10:13 AM

intraday trade

ForceFollower

⋅ Mar 18, 2015 11:19 AM

Anyway, your trade is still good. The SL hasn't been hit.

itaskar

⋅ Mar 17, 2015 10:45 PM

thx for your thoughts Piotr