Dale_Ansel

USDCAD - Downtrend with potential pull-back to trendline/34-EMA

FX:USDCAD   U.S. Dollar / Canadian Dollar
413 0 10
Nice downtrend in play here, might be looking at a pullback
to the 34-EMA area and touch of the trendline . 2 trade possibilities
here:

#1. Buy NOW and place stops below green box area. Target
area is 1st blue area.

#2. WAIT until price touches downward trendline and is rejected
then SHORT and place stop loss just above trendline (10-15 pips)
and profit targets are near bottom of second arrow.

Let's keep an eye on it, see what happens!

-Good Luck!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out