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VasilyTrader
Aug 26, 2019 9:15 PM

USDCAD Update and Potential Short Short

U.S. Dollar/Canadian DollarFXCM

Description



market is currently in an attempt to break below the key support level.
if 4H candle closes below the support zone, we can expect a bearish continuation
to lower structure levels.

Targets : 1.3205 1.316


please, check the recent ideas below

Comment

confirmed bear breakout

Trade active

Comments
DocWonmug
Can you share your SL? Now almost a day after your post (21 hours later), I’m seeing a good break in the PA trendline with what looks like a re-test. If so, that conforms very closely to your idea.

Alas, I’m not getting a lot of love from the RSI to get any good entry signal there. Maybe a reflection from the crappy trendline I drew in.

VasilyTrader
@DocWonmug, hey man, here is my position. as you can see I am nearly stopped out
DocWonmug
@VasilyPonomarev, thanks - maybe it will turn around before SL. Best regards
VasilyTrader
@DocWonmug, not this time, man ;)
WedgeBroker
@VasilyPonomarev, I think the comeback has begun.
AshaDi
are we still waiting for retest?
bonnMPM
If it is broken, we should put a sell trade when price is going for retest and fail?
VasilyTrader
@bonnMPM, hey, the breakout was considered to be valid only after the 4H candle close below
VasilyTrader
Share your analysis on USDCAD here
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