Kumowizard
Short

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.
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