USDCAD 15m : Enjoying reversal to retest the broken resistance. Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ May 25, 2018 4:47 PM

First Target @ 38.2%
Second Target @ 61.8 %

⋅ May 31, 2018 7:59 AM

This trade was closed when the double top became invalid.

Comments

joelduque

⋅ May 25, 2018 5:01 PM

@vduquenne Hello there! Your trading ideas actually helped me a lot. Thank you! I actually have an idea with a bearish bias also for USDCAD (tradingview.com/chart/USDCAD/6tlTVEIC-2018May22-USDCAD-H4-Possible-Bearish-Bat/). I have also entered short. Good luck to us!

joelduque

⋅ May 25, 2018 5:05 PM

@vduquenne May I ask if it (D point) is still valid as there is already a candle closing above 88.6 Fibonacci retracement of leg XA?

vduquenne

⋅ May 25, 2018 5:10 PM

@joelduque, on this graph I just go for a retest towards former resistance. No pattern ... just a revarsal .

vduquenne

⋅ May 25, 2018 5:10 PM