jolicoeur342
Short

USDCAD - SELL SETUP (SHORT TERM)

FX:USDCAD   U.S. Dollar/Canadian Dollar
724 15 14
CANADIAN NEWS at 8:30 AM (NEW YORK             SESSION), I'm expecting the CAD news to be BULLISH for CAD because every CADxxx is looking really bullish on a support, and xxxCAD looking bearrish on a RESISTANCE. So simple trade with a TIGHT SL!
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Lets see that will happen with this news if we are wrong we will be negative about 30 PIPS but if we are right we will make around 170 PIPS profit!
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Make sure to LIKE and FOLLOW if you agree with this idea! Thanks alot, I will also make sure to answer every comments below!
why employment change will be positive?
+1 Reply
jolicoeur342 PRO Hashimato_pip
News normally follow the trend, and the last one was so negative this one wont be easy to beat lol!
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Hashimato_pip jolicoeur342
But the trend is upwards and near to resistance.
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Would this affect the AUD/CAD as well as the USD?
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usdcad formin W on daily chart shoulde be trend countinuing
+1 Reply
yes! agreed!
+1 Reply
after news entry will be good.
+1 Reply
Why short? look at the daily chart - Resistance is quite far
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sachin888 -Andrew-
yes exactly usd is not week too
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snapshot

i dont see no engulfing, USDCAD broke the midway resistance but never re-test, just did now we might see this last push down lets see
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Rate was bad you were right!
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-Andrew- PRO jolicoeur342
Why was this USDCAD trade removed from your telegram? - I mean not all analysis is 100% right, but good to show some transparency as well
+2 Reply
I said SL hit, i just dont want people to get in there
+1 Reply
USDCAD forming triangle on 4h chart. Even if it's H&S, need to wait for neckline to be broken. Even if it is broken, the current trendline is right under that, limiting possible downside. Maybe if it breaks under the trendline, it will break lower to 1.1268. I think the pattern is possible but completion is yet to be seen.
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its okay bro ....your other strategy nice......
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