EvanJones

Short positioning ready for the long ride!!!

FX:USDCAD   U.S. Dollar/Canadian Dollar
93 2 0
a year ago
The USDCAD             has been on a super rally recently helped by a weak CAD due to the Oil             drop recently, however the stochastic + divergence show us that a slight pull pack should be on thecards this week prior to Wednesdays night Fed decision.

A good trade idea is to place a short trade with stops above the recent highs and aim to take a few pips, however make sure you get out prior to Wednesdays decision as I suspect we will be seeing a rally on the DXY             and therefore you'll want to be long on this trade providing oil             continues to weaken and the FED raised the interest rate by atleast 25 basis points, which will support the dollars bull run!
a year ago
Comment: For more updates and information, sign up to my website, which will be updated with exciting updates in the new year: www.ejfxtrading.com
For further analysis on charts, trade setups and education please sign up to my website to find out about some exciting courses that I will be teaching, at www.ejfxtrading.com
trader515
a year ago
post actual setup, you are talking about short positioning yet your arrows are showing up?
Reply
EvanJones PRO trader515
a year ago
Correct. I expect USDCAD to retrace towards the trendline before resuming upwards after Wednesdays FED decision. So the arrows are suppose to show a slight increase before a retracement and then by Wednesday/Thursday, we'll know whether to go long or not.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out