DatTong
Short

USDCAD, Downtrend on D1--> Sell

OANDA:USDCAD   U.S. Dollar / Canadian Dollar
D1:
- Structure: Downtrend
- Tendency: Downward
- Below resistance
--> Waiting upward pullback
==> Sell

H4:

Oct 09
Comment: wait for this D1 candle
Hi, is your trade active?
Reply
@ofa, not yet, wait for candle
Reply
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!
BCH USD H4 review, target 640 for the bulls, falling wedge detected
ETH USD clean harmonic setup, target 262-266, load dips soon
BTC USD daily chart review, strong supp @ 6450, upside coming, TP1 6800 TP2 7000
Reply
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.


Reply
@ICmarkets, you are great
Reply

I think it should be preferred because according to the rule last week
https://www.tradingview.com/chart/l3sgvV3t/
+1 Reply
DatTong Kittyted
@Kittyted, thanks for sharing!
Reply
think again about that analysis )) usdcad stil bullish not bearish
Reply
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