Meneltar

USD/CAD potential short opportunity in sight

FX:USDCAD   U.S. Dollar/Canadian Dollar
Here's an interesting setup. We have two strong (multiple times tested) hagopian lines. I'm interested in the support (green line) breakout. If the price bounces at the resistance (blue line) and breaks the green, it's a good position to go intraday short. No CAD nor USD related news today. However do not go short unless the breakout is confirmed. Ideally the price will bounce at resistance line and break the support.

Orange circle is something I'd consider an entry area.

Good luck.
AkashGaur AkashGaur
could be a potential 3 drive pattern and a short till 1.237
Reply
Meneltar AkashGaur
yap, risk/reward is very good here
Reply
AkashGaur Meneltar
another trade to look at is gbpnzd
very good long opportunity
caught the trade in the beginning but was stopped out and next thing you know the price reversed 170 pips in my direction overnight. still a lot of move left
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out