Countertrend strategy for USDCAD Short
U.S. Dollar/Canadian DollarFXCM
Description
⋅ USDCAD rejected a bullish continuation by forming a pin bar sell signal. Supply zone around 1.28 .
The overall trend is bullish but the formation invites to take a short position with SL above last bearish candle @1.2711 .
Other correlations support the strategy, like the crude oil I posted yesterday :
tradingview.com/v/5TKQlq7E/