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.
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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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