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1Shomari

USDCAD SHORT !!!

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
1Shomari  
FX:USDCAD   U.S. Dollar / Canadian Dollar
USD (US Dollar) short SELL analysis technical Fundamental Analysis NEWS trade trading
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usd-us-dollar short sell analysis technical fundamental news trade trading
- Nice downtrend on the daily chart

- Yesterdays candle closed as an inverted hammer

- Also top of the hammer touched the resistance line and bounced off

Related Ideas

1Shomari
AUDUSD LONG!!!

Comments

jfny
I could be wrong, but just trying to point out some things you may not have noticed.

snapshot


- Price has been following a strong uptrend.
- Price is above the 200 MVA so technically we should be looking for buying opportunities.
- Stochastics is giving the buy signal.
- Heiken Ashi has no tails indicating the bullish trend is strong. (It has increased the last 3 days now.)
Reply
jfny jfny
Here's a better picture:
snapshot
Reply
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