USDCAD is Currently OVERBOUGHT - TIME TO SELL! Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Nov 21, 2018 8:05 AM

Hey Traders,
It's Time to SELL USDCAD as price is Overbought and approaching Dynamic resistance
in accordance with Time high supply zone plus the recent hike was estimated by DXY Correction
and now it'll be going down,
hence we'll be selling USDCAD with these preferences,
SELL USDCAD - NOW
STOP LOSS - 1.33677
TARGET 1 - 1.31801
TARGET 2 - 1.30718

If you find this analysis useful then feel free to give a LIKE and Comment,
Thank you as always!

Trade active

⋅ Nov 22, 2018 7:34 AM

UPDATE USDCAD - Move SL to Breakeven!

Comments

polisieman

⋅ Nov 21, 2018 8:21 AM

THANKS FOR THE INSIGHT.I BOUGHT IT SMALL BUT I AM WAITING FOR IT TO BREAK 1.32831

BloomFisher

⋅ Nov 21, 2018 8:52 AM

@polisieman, Interesting, Let's see how it goes!

VuDucThanhLong

⋅ Nov 22, 2018 6:27 AM

This target seems pretty sure

BloomFisher

⋅ Nov 22, 2018 7:34 AM

@VuLong1612, Interesting!

quintman

⋅ Nov 21, 2018 4:24 PM

Good call! Looking good so far...but i'm looking to exit this one a little nearly. I do not like betting against the USD. It has burned me too many times in the past.

BloomFisher

⋅ Nov 22, 2018 7:23 AM

@quintman, Keep booking your small profits each and every time and always bet against Big trend when the news is confirmed and makes sense that have some logic!

AidanMDang

⋅ Nov 21, 2018 8:07 AM

I was just about to post the same idea!

BloomFisher

⋅ Nov 21, 2018 8:17 AM

@AidanMDang, Interesting!

AidanMDang

⋅ Nov 21, 2018 8:22 AM

@BloomFisher,

AidanMDang

⋅ Nov 21, 2018 8:22 AM

@BloomFisher, You say sell now, but why not wait for retest? any reason?