TradingView
LCFXpro
May 31, 2020 2:47 PM

USDCAD SHORT TRADE PLAN Short

U.S. DOLLAR / CANADIAN DOLLARICE

Description

Finally we are seeing a break below 1.3850 support level . short opportunity will be available if we can see a daily candle closed below the highlighted area, then i will look for short confluences.

_________________________________________________________________________________________________________________________________________

Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.



Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
_________________________________________________________________________________________________________________________________________


Thank you for your support!
Comments
ValKornilo
If you look in Linda Rashke's book "Market Streets" this is Spike and Ledge pattern. Strong sell on Day chart.
DragonCaptain
Great idea. Here is my take on USDCAD.
Fx-jomic
Great idea my friend! Like it
LCFXpro
@Fx-jomic, Thanks :)
BigiStar
What do you think about the conflict you have between the daily and the weekly , in the weekly chart we can defiantly see a big push up that didn’t broke up until now
LCFXpro
@Ozzy1975, As of now i saw commodity pair will remain steady
YGForex

Nice analysis buddy. Definitely agree a reversal will be valid at your entry. However, I will still look at the strength of the bulls to further consider to sell.
LCFXpro
@YGForex, Yes your are on point, upside are very likely too as the global structure is bullish.
YGForex
@LCFXpro, 👍💯
More