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TraxionInvestments

USDCAD - More STOP LOSS HUNTING

Short
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
TraxionInvestments  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Harmonic Patterns Chart Patterns USDCAD usdcadshort priceaction priceactionanalysis Forex forextrading supportandresistancezones stophunting
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trendanalysis harmonicpatterns chartpattern usdcad usdcadshort priceaction priceactionanalysis forex forextrading supportandresistancezones stophunting
More STOP LOSS HUNTING is currently still happening. Price has been take to the 1.38500 zone for the 3rd time. This has given us a perfect RISING WEDGE PATTERN - a BEARISH SIGNAL. The 1.38500 zone is where market-makers are taking out STOP LOSSES. Their real intention is to SELL.However, that won't be made obvious.

We have jumped back in with SELL ORDERS. We aim for the 1.36400 zone to be broken again so that price can continue dropping to my anticipated TP at 1.30000. This is a long-term play.

REMEMBER: PATIENCE, PROPER RISK MANAGEMENT AND HIGH LEVELS OF TRADING PSYCHOLOGY PAY IN THIS BUSINESS.

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