USDCAD Weekly Showing Strong Bearish Signs
DollarCad Weekly Formed A Bearish Engulfing CandleStick Formation after breaking out of its long term channel,
USDCAD already retraced back up creating a lower high and now we have this bearish candlestick formation with a counter trend line break.
the daily seems to be a little low already and might retrace, I don't plan getting out since its the beginning of the move from the weekly, what Im planing to do though if it retaraces on the daily I might look to add to my position.
if you not in yet I would say probably the best thing to do is to wait for a pullback, Risk Disclaimer I'm not telling you what to do im just saying what I would do.
I Wish You To Make Lots Of Money
USDCAD already retraced back up creating a lower high and now we have this bearish candlestick formation with a counter trend line break.
the daily seems to be a little low already and might retrace, I don't plan getting out since its the beginning of the move from the weekly, what Im planing to do though if it retaraces on the daily I might look to add to my position.
if you not in yet I would say probably the best thing to do is to wait for a pullback, Risk Disclaimer I'm not telling you what to do im just saying what I would do.
I Wish You To Make Lots Of Money
Comment:
USDCAD 4 Hr chart is looking really good, market created a full body bearish candlestick formation and the day also finished with a shooting star I believe
Trade active:
This trade is still active Im waiting for a breakout on the lower time frame this is still a very good trade in my opinion
Trade active:
This trade still looks amazing the market is consolidating a little bit but its still showing very strong bearish direction
Trade closed manually:
Im closing out my USDCAD Position based on the 4 hr chart and daily being low and 4 hr chart closed with a Bullish Candle Stick Formation with a Counter Trend Line Break
