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FX_CouchPotato
Apr 17, 2024 9:35 AM

USDCAD Short Short

USD/CADOANDA

Description

UC is on the brink of breaking through the support line amid massive divergence.

OANDA:USDCAD

Comment

It appears that we have a H&S forming, it is clearly visible on H4 timeframe.

Comment

Trade active

Partially fixing profit, just to be on a safe side.

Trade closed manually

Closed manually just 15 pips short of t\p, the price didn't go through the support (red line on the chard above) as I was expecting and began the consolidation which I see as a risk of bouncing off upward.
Comments
TheFxAce
Agreed, this presents a favorable opportunity.
FX_CouchPotato
@TheFxAce, Looks promising so far
JohnTrade77
@TheFxAce If I presented you the exact opposite analysis.. You'd still say the same thing. Stop spamming so hard.
TheFxAce
@JohnTrade77, don't think so as if you check my trade ideas I have been in a long term short on this pair so the comment was agreeing with you because I have the same idea :)
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