FX:USDCAD   U.S. Dollar/Canadian Dollar
274 16 3
Price trading between the 1 stdev and 2 stdev BB lower limits. MACD is going down and the bollinger bands are narrowing (after previous move up) So I think this pair is going down. Good luck!

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Yes, this one should be a quickie!!! But a retracement is due back to 1.1/1.0 levels. Hope this short gets over with quickly.
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HamzaLeith justatrader
2 years ago
Lets hope so.!! USD is showing strength against EUR,GBP and even JPY but I agree with you this pair looks bearish and we are riding in the direction of the slope....wish you lots of pips too
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HamzaLeith justatrader
2 years ago
you were right about the strength of the momentum!! May I ask how you knew? :P
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justatrader PRO HamzaLeith
2 years ago
Nothing fancy.. Been short on a couple of USD pairs and all of them show its time for the short positions to be completed before rallying (to retrace the bearish leg). USDJPY for ex... Watching for 102.4 regions as a potential short candidate.
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HamzaLeith justatrader
2 years ago
Good call!. I think JPY is going to go lower from here..at least until the 1st median line (red line). We closed below the quartile...usually that would offer strong resistance. Good luck!
USDJPY short seup
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I've moved my targets to 1.075. Betting on a +ve GDP and bullish Oil. Of course, one will be closed at 1.08 and the other to BE so the lower target trade would be risk free, just in case.

But if there is a reversal, 1.098 is definitely on the cards.
snapshot
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HamzaLeith justatrader
2 years ago
I think these are reasonable targets...I can spot two parallels between 1.080 and 1.070 ish one of them around the 1.075
image]https://www.tradingview.com/x/F7768cq1/
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HamzaLeith HamzaLeith
2 years ago
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HamzaLeith
2 years ago
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HamzaLeith HamzaLeith
2 years ago
After the last squeeze of BB's price broke outside the BB's and is now reversing which suggests a "HEAD FAKE" usually signals a strong reversal!! let's wait and see..
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HamzaLeith HamzaLeith
2 years ago
closed the position with profit...I am now long..
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HamzaLeith HamzaLeith
2 years ago
phew....
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justatrader PRO HamzaLeith
2 years ago
It ain't over till the fat lady sings!!!!!
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HamzaLeith justatrader
2 years ago
You still keep the bearish bias? if so than man you have steel nerves...I closed the position as soon as I spotted the piercing line
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justatrader PRO HamzaLeith
2 years ago
Eyes on the weekly + AUDCAD longs + 300% Margin + other trades in positive to cover the risks. But I might kill the trades if the weekly close is above 1.0866. From H4 I see another 'lower high' in the process, so the next 2 H4 candles will be key for me.
+1 Reply
HamzaLeith justatrader
2 years ago
That is how I see it. I 100% agree with you that this market is very much bearish in the coming weeks.
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