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Carl_G
Oct 28, 2016 9:55 PM

USDCAD OUTLOOK Short

U.S. Dollar/Canadian DollarFXCM

Description

Comment

Price have currently made 8 consecutive closes, each close higher than the close 4 trading days earlier. Two doji bars are appearing at the top of the trend indicating that there is an indecision between buyers and sellers or more likely in this case an exhaustion of buyers as price appears in extreme overbought conditions. For shorters target lies at technical support 1.3285.

Trade active

Trade closed: target reached

Comments
Ahmed_bunah2
Hi Carl

How are you doing? hope you are enjoying your weekend... -:). I am looking for long at 1.3250 area , DZ at 240 min/ daily
Carl_G
Always good, thank you ! =) How are you?

Yes, looks good. I am looking to long as well @ 1.3250.
Ahmed_bunah2
I am good, thanks. Target can go up to 400 pips +/-
Carl_G
I agree, R:R ratio is there too, this deal is looking good.
Ahmed_bunah2
Hope it will good for us, lol
Carl_G
For sure it will, as long as we adapt to what the market shows us.
Ahmed_bunah2
Please tell me what do you think about my EURUSD short? thanks
Carl_G
Posted on your chart =)
Ahmed_bunah2
I got it, thanks :-)
Carl_G
my pleasure bro
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