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
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Meneltar AkashGaur
yap, risk/reward is very good here
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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
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