We keep it simple using a channel as a main indicator

FX:USDCAD   U.S. Dollar / Canadian Dollar
106 5 1
USD under pressure right now+ nmacd signal by seaside420, no direction after better inventory, so it worth it to play the channel with a SL 1.322, target price mid of the channel (to be updated) for a close by friday (48h USD pressure).
Not much move which confirms USD pressure, I was expecting at least a 1.322 or more with Oil hammered down in the last few days as well >> so now seems good to a UC down. In gambling style shorting now @1.395 with SL 1.3215 target TBD , for a close on Friday night TP 1.301. Not an easy trade (so why to trade it?) but with favorable factors: top of channel + technical rebound on Oil + USD sell pressure.
GuillaumePanot GuillaumePanot
Now SSI @76% vs 71% on short so market is pushing up to clean up with 4H green piling up. Possible turn during Europe session, USD should go down to follow up yesterday move. Not sure if my SL will be taken I move it up to 3220, final.
GuillaumePanot GuillaumePanot
So finally it has worked according the plan but a bit delayed, I had to remove my stop and to take additional risk (not good though) . SSI at 72% so some have been seriously short squeeze.It pays off now UC looking down and close the trade Friday night late... TP 1.3020-1.3010.
GuillaumePanot GuillaumePanot
SSI at %67 S slowly drifting, candles looks down, USD may rebound now at fibo 68 for few hours then down. keep short on UC.
GuillaumePanot GuillaumePanot
USD decides to close the weekly candle green. Which was an option after yesterday retracement to close the week green. UC retraced based on nothing since mid of the afternoon (Asian time) and cleaning up all the short again now SSI 74% S. EU, NZ, UC was one direction without any stop in between.
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