USDCAD, Downtrend on D1--> Sell

OANDA:USDCAD   U.S. Dollar / Canadian Dollar
- Structure: Downtrend
- Tendency: Downward
- Below resistance
--> Waiting upward pullback
==> Sell


Oct 09
Comment: wait for this D1 candle
Hi, is your trade active?
@ofa, not yet, wait for candle
i was long and booked profit
+1 Reply
@Pharas, cheers
+2 Reply
awesome setup in XRP USD buy dips soon, target 77 cents, very clean!
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Nice idea on USDCAD and there may be bearish potential as you have identified. The 1st resistance that we have found at 1.2891 is just below the resistance level that you have identified before making a short entry. It is a horizontal overlap support, with 38.2% & 23.6% Fibonacci retracement and 61.8% Fibonacci extension. Stochastic is approaching its resistance at 96% where a corresponding reversal could occur. If there is a potential reversal, we may want to take a closer look at the 1.2791 support level. It is a horizontal swing low support. Looking forward to seeing how things develop.

Please have a look at our idea and we would like to hear what you think.

@ICmarkets, you are great

I think it should be preferred because according to the rule last week
+1 Reply
DatTong Kittyted
@Kittyted, thanks for sharing!
think again about that analysis )) usdcad stil bullish not bearish
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