newbie2016
Short

USDCAD Sell Setup

FX:USDCAD   U.S. Dollar/Canadian Dollar
289 6 14
9 months ago
Details on chart.
9 months ago
Comment: USDCAD making bullish setup in bearish pattern.. For now it is coiling around entry point and if it go for 1.273 and towards 1.27 then its good to long as well with stop below 1.268 and for tp towards 1.30.
9 months ago
Comment: Stop Loss now at BE.
9 months ago
Comment: I will not be buying usdcad from 1.271 anymore.. as to me it has destroyed that bullish setup...
9 months ago
Comment: I was stopped out at BE. and re entered again at 1.28.

To me usdcad is just testing old support and will head down towards target of 1.273 and below 1.27
9 months ago
Comment: Big 4hr Doji candle.. out at BE.
ChimbOt PRO
9 months ago
Is it a good idea to enter this trade knowing of the recent opec meeting ?
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newbie2016 ChimbOt
9 months ago
its only 30 pips stop... and stop is at big breakout figure 1.283... so i dont think it will hurt much as you can see it struggling below 1.283..
Reply
newbie2016 newbie2016
9 months ago
as per its pattern.. i will be shorting then buying from dip.. if i will not be stopped out first from sell :)
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ChimbOt PRO newbie2016
9 months ago
I think we seen the volitiality of Usdcad and oil in the recent days.30 pip swings in a few minutes. Good luck :)
Reply
newbie2016 ChimbOt
9 months ago
yes possible in a single spike of 1 second rather than minutes :) but i will stick to my plan..
Reply
ChimbOt PRO
9 months ago
And Canada data ?
Reply
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