moemia
Short

USDCAD Out of steam? @1.44454

FX:USDCAD   U.S. Dollar / Canadian Dollar
The pair is at a crucial point from what I have studied.
1. On the verge of braking a monthly trend.
2. On the verge of braking weekly support.
3. Completion of 5 waves, perhaps the C Correction wave maybe part of a 3rd wave of a new sequence?
4. Momentum on MACD looking bearish

Short @ 1.44467
Target @ 1.39867 (~450 Points)
Stop @ 1.45446 (100 Points)

Any views? Recommendations?
Looks more agresive that you expected. For me it is good. Waiting for 1.37.
Reply
moemia LukaszMosinski
Already over 300 points into the trade. Looks better than expected, perhaps yesterdays oil reserves pushed the CAD higher?
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