Petr Suchanek
Short

USDCAD short swing trade emerging

FX:USDCAD   U.S. Dollar / Canadian Dollar
419 3 0
This short setup is based on unconvetional trading strategy using the long and short covering.
In particular, after a "trick" formation the market rallied and reached "max fake" level (25% extension above the "trick"), after showing some weaknes (lower high) the market should fall down (scenario 1), or form a fake breakout above the previous high and then fall down (scenario 2).

This trading idea is based on a methodology used within SMB Capital Forex and Futures Training Program.
For more information see http://www.smbtraining.com
or
watch my youtube channel: http://www.youtube.com/watch?v=m1sg5frdVlU

USDCAD Formed a H&S pattern confirming the target at 0.97 region (your T2). Good call. Sad I didn't short this when your idea was posted.
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hi...heikin ashi confermed bullish trend, but attention falling trend line as resistance on daily chart.
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I am LONG on this from 1.05185 , with 1.075 being my target, or there abouts. RSI is suggesting more Bullish action!! Just my opinion!!
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