USDCAD - Counter trend short setup

FX:USDCAD   U.S. Dollar/Canadian Dollar
109 0 1
Daily: Two long wicked reversal candle, some hesitation and today finally a dip back below 1,1250 key level. Still we need to wait for the closing.Slow Stoch is bearish , MACD is about to give a sell signal too. The correction can take place down to Kijun Sen or to the trendline . Lower supports: 1,1100 - 1,1150

4 Hrs: Still in a bullish uptrend, but Tenkan/Kijun made weak bearish cross, Chikou is below Price candles, Price retested Kijun Sen twice, but Kijun perfectly blocked the spike. Now 100 WMA and Kumo is under attack, I think it is not a bad risk/reward to go short on any spikes into the Cloud, but probably only tomorrow will decide when US CPI             , CAD retail sales and CAD rate decision will be out.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out