Phenlx
Short

Changing direction USD/CAD becoming bearish

FX:USDCAD   U.S. Dollar/Canadian Dollar
70 11 4

Hey guyz,

we could make a few pips today with USD/CAD             in bullish mode. Now the market looks to change direction.
Nice picture with both SHS             .

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maharjaan1
a year ago
According to my system it is going up/long to 1.3120 zone....lets c
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maharjaan1
a year ago
If it is your Headline "BEARISH short then your message body suggest "it is changing direction in bullish mode (is it means you are saying "LONG""....whether LONG or SHORT be precise plz....?
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Phenlx maharjaan1
a year ago
Now its bearish, but today it was bullish please check my former post
M15 long set up on USD/CAD
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maharjaan1 Phenlx
a year ago
ya It is// plz can you suggest me why market came back from 1.3165 region to 1.3035 zone???i can not understand the fury behind it...i was profitting in buy and i was looking for 1.3195 zone but all the sudden prices went down too fast and it hit my stoploss...and i lost heavy amount...>?? can you suggest what actually happened>>??
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Phenlx maharjaan1
a year ago
I will try to explain. You have been long on a countertrend, means you entered long on a bearish down leg´s retracement. Have a look on the red lines these lines represent a bigger correction of the former up trend. The blue lines are just the correction of the down trend which look like a little uptrend. If you enter long in such situation you always need to have tight SL and you always need to count with the next sell off phase which actually has been initiated 1.3160 (blue resistant level which I coincidentally draw in upper analysis) This level was also almost 78.6 fib level of former down impuls. Learning: Never be too long in a countertrend.
snapshot
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maharjaan1 Phenlx
a year ago
thou its too late...bad for me....i have another position opened in eurusd long at 1.0962, targetting to 1.1090 region with stoploss at 1.0895...thou its also countertrend but i think with thorough analysis the prices will retrace by potential butterfly which is actually at partial uptrend to 1.1150 but im targetting just 1.1090. Hope im not wrong this time...
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Phenlx maharjaan1
a year ago
I´m sorry for you bad trade. Good luck with your next one.
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maharjaan1 Phenlx
a year ago
Thanx buddy
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Phenlx maharjaan1
a year ago
By the way I did not say its changing in bullish mode, I said:

Take your time reading the posts :-)
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Phenlx Phenlx
a year ago
sorry the quote was deleted, I post it again :
-Quote-: ... we could make a few pips today with USD/CAD0.07% in bullish mode. Now the market looks to change direction.- Unquote-
This meant I expect bearish market.
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maharjaan1 Phenlx
a year ago
its alright dude never mind,,,you are good in your job...keep the good work and keep the us on track ...gl
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