USDCAD meet resistance at 1.3197 mid term sell Short

FX:USDCAD240

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Feb 23, 2017 5:08 AM

If price hold below 1.31550,
Good level to short from .

Target 1.3079

Trade active

⋅ Feb 24, 2017 3:42 AM

USD further weakening

Short from 1.3102

Target: 1.3021

Trade closed manually

⋅ Feb 24, 2017 8:54 AM

Trade closed 1.3084
Selling force weakening

Being conservative for Friday , exit trade early by taking 20 pips profit.

USDCAD

Comments

SWKL88888

⋅ Feb 23, 2017 7:10 AM

Hi,

Thanks for the analysis. Really helping a lot. Just to confirm, holding below 1.31550, which time frame are you looking at? Cheers!

taming_the_mind

⋅ Feb 24, 2017 3:44 AM

@SWKL88888, Hi there, glad you found it helpful.

I usually found my best levels from weekly chart .
1.31550 was definately noticable on daily chart also.

SWKL88888

⋅ Feb 24, 2017 3:58 AM

@taming_the_mind, thanks! I have been following on the nzdusd. Good call.

taming_the_mind

⋅ Feb 24, 2017 4:00 AM

@SWKL88888, you are very welcome. I am glad that you have found it helpful ;) Many profits ahead , be green or red ;))

SWKL88888

⋅ Feb 24, 2017 4:09 AM

@taming_the_mind, yes! All the best to all of us. :)