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ForecastCity
Dec 3, 2018 12:22 PM

USDCAD Intraday Forecast Short

USD/CADOANDA

Description

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.322.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.3155.
TP4: S2=1.312.
Set the stoploss of these orders at breakout of R2=1.324.

Stop and reverse:

If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.324.
In this situation, there is an expectation to reach the target R3=1.3315.
Set the stoploss of reverse orders at breakout of R1=1.322.
Comments
gtomi001
Good evening!So if I'm reading correctly,I should sell between1.32200 and 1.32064,right?
KAMAKUA
I love you too much mate!!
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