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Daniel.Dalo
Jun 23, 2014 7:26 PM

USDCAD - Catching the trend! Short

U.S. Dollar/Canadian DollarFXCM

Description

Everything right now is a sell signal:

1) Price is below the kumo, tenkan-sen and kijun-sen.
2) Chikou span is also below the kumo.
3) The kumo is bearish.

But! We have to be careful with the support area in which price is at this moment, so it's better to wait for a breakout before entering this trade to ride the trend down.
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