Are the Bears hibernating for the USDCAD this Winter? We'll see.

OANDA:USDCAD   U.S. Dollar / Canadian Dollar
We will find out, the daily uptrend for the USDCAD has finally broken as it neared 2018 highs. The ema's on the Daily are still bullish but that is really the only indicator signalling potential bullish momentum right now. I'll be looking for a short entry in or near this yellow circle I've drawn. Which is also a 50-61% Fib Retracement, which is right where I like to enter. There is a also a bullish harmonic on the 1HR which looks coincides prefectly with a pullback that I think we still need to happen before going short.

Setup Vitals:

Daily Stochastic - Bearish (All systems go)
4HR Emas - Still have not all switch to a Short ( I will wait for confirmation)

This could easily be a fake out before it continues higher so make sure to use a stop loss.

I will update as it plays out further.

Current Streak : 6 Wins
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out