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BACapitalManagement

Bears could cause major selling around 1.30

Short
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
BACapitalManagement Updated   
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Support and Resistance Candlestick Analysis Multiple Time Frame Analysis USD CAD USDCAD short SELL
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supportandresistance candlestick mtfa usd cad usdcad short sell
Previous support now turned resistance on monthly time frame. If price begins trading around this area, then I'll begin looking for bear candles on the daily time frame. If I see bear candles on the daily time frame, then I'll move to the 1H time frame and place sell limit orders at previous market levels.
Comment:
Bear candle posted on the daily time frame.

snapshot
Comment:
Rough look at entries and stops on 1H time frame.

snapshot

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