Sell Setup - Bearish Engulf, Fib level, Channel & Wave Count

FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD             has been a difficult pair to trade as it has been displaying wild swings both ways all week.

The weekly chart shows a massive bearish engulfing chart, so will continue to look for setups to short on the 15m & 1H.

The chart shows the pair has just finished correcting the leg from 1.4147 highs. The correction began at 1.3947 lows and unfolded as a zigzag with a double in the C wave.

So far we've seen a 15min bearish engulfing candle against the 76.4 Fib which falls at 1.4100

Short positions from this area favored for targets towards the 1.3800 area
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out