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Daniel-Malik
Dec 28, 2016 4:44 PM

USDCAD SETUP ! Short

U.S. Dollar/Canadian DollarFXCM

Description

Hello Traders ! I am back .. Merry Christmas, Sorry I know I am late but too much busy with some issues. here is the Setup of USDCAD , As I am expecting the down move becuase price traps between weekly channel. Take a short position now thanks

Comment

Thanks every one to give me such warm welcome, Will try to upload charts daily.

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Near to tp 1. Cheer guys

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around 100 pips in profit

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Both TPs Hit
Comments
Trader_Dale
Thanks for your great analysis and good job with your profits!!
Here is my view on USD/CAD if you are interested:

Based on Market Profile (volumes) and Price Action there are two very strong resist/support zones.
The short level (1.3666) is placed where a cummulation before a strong sell-off took place.
The long level (1.2922) is based on strong rejection activity accompanied by huge volumes (seen on the right cummulative volume on the right).

If you are interested there are more Market profile swing and intraday analysis in my profile page. You are very welcome there!
Dale
JovanVeskovic
Great prediction Daniel !
Salmanmemon786
Great like always sir
cibeq_
Thanku Daniel.
Selling now usdcad
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