TradingYo
Short

USDCAD SHORT SWING TRADE

FX:USDCAD   U.S. Dollar/Canadian Dollar
Usd/cad             just broke the channel after hitting major PRZ (potential reversal zone) on weekly. Now we are waiting for pullback back to the previous channel low. Combined with fibonacci retracment 50 and 61.8
This could mean the first strong setup to the down side after long time.

It is important to catch first setups of the new trend and it might go down so fast as it was going up in 2014.

Entry :
D1 or H4 candle pattern ( pin bar , inside, engoulfing)
or double top ...divergence on lower timeframe, maybe harmonic pattern at the top ....

Everything is explained on chart itself!
Best Regards

TradingYo
Very good! Will keep on sharing my trading ideas, based on Price action, S/R, trendlines, fibonacci and so on! :)
Reply
Good Work on your analysis, Keep it up!
+1 Reply
snapshot
I published this a long time ago

+1 Reply
Excellent idea I am watching this one too
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