USDCAD-expecting a pullback at key support

FX:USDCAD   U.S. Dollar / Canadian Dollar
1607 4 23
My bias is very bearish on this pair. I feel confident because i have my EW count as my roadmap.

The bearish crab worked perfectly and right at the time!! (see related ideas)

After a 500 pips decline price is facing a strong support near 1.2860-1.2870
We have:

- Previous wave 4 as support
- Strong S/R level
- Trendline support
- Stochs oversold

Price could make a pullback to retest the broken trendline and then continue the decline. I will be ready to short again.

Best regards.
Nice trendline sir.
My setup is similar to yours, too, although I haven't published any ideas yet!
Hi FTT, today I've just published my first forex idea and I'm proud it's similar to yours.

FullTimeTrader CosimodeGioia
Well done! Regards.
+1 Reply
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