ForexDreams
Short

USDCAD REVERSAL PATTERN CONTINUED

FX:USDCAD   U.S. Dollar / Canadian Dollar
As predicted earlier, we are probably seeing a reversal pattern and if so, we should be able to trade the right leg for 60 pips.

There is a lot of news today for US Dollar             and one report for CAD Dollar which should accelerate price. News starts from 13:30 UTC and runs until 15:00 UTC.

I would recommend to wait to move starts before considering getting in. I may have got in a tad early myself.

UPDATE: I have taken a -2.4 hit. I should have been more patient with this. Anyway I will wait till the move actually starts before jumping in. It could be another 1 to 4 hours. Once underway I'll re-enter.

UPDATE #2: I have re-entered. There is also bearish divergence, indicating a move down may be happening shortly. I may also increase my TP to the yellow line, once I know the move is in full swing.

UPDATE #3: Trade hit TP for +60 pips.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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