"UsdCad - Swing Short" by trader FxSaint — published November 04, 2015

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U.S. Dollar / Canadian Dollar (FX:USDCAD)

FX:USDCAD U.S. Dollar / Canadian Dollar

Bat

batpattern

Bat Formation in process, shorts are recommended on completion of the same.

Trade closed: stop reached

I think you shorted a bit early on this one. bounced from 618

ddp922

on 4 hr at least

Id like to short this but its gone over 1.315, any thoughts?

teddyrucks

Stops should be above 1.3175... so shorting close to 1.3150 is good... its short for me & I have already shorted at 1.3145... waiting for the result

teddyrucks

Or you can wait it to close below 1.3140 & then go for short. Its better option to be conservative

FxSaint

Ya I was thinking of waiting for it to push lower. I entered a short but did I tight SL so I'm out of it. US index looks strong and oil seems to be on the lower side. My mind is still fixed on a short after thinking though

teddyrucks

I m out too...unfortunate trade

teddyrucks

expecting something like this to happen... if it happens than go for shorts or else stay away

FxSaint

Kind of failed all sort of setups... Quasimodo / Bat / Structure / Line

FxSaint

ya, i think the UC is domed for short it broke its 7 day short trend. It looks either sideways or up at this point. =/ I had high hopes for UC, dam
Oil is thought to swing between 40-50 for the rest of the year. It's probably better to see it sink down lower this week

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