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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HamzaLeith HamzaLeith
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
closed the position with profit...I am now long..
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HamzaLeith HamzaLeith
phew....
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It ain't over till the fat lady sings!!!!!
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HamzaLeith justatrader
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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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
That is how I see it. I 100% agree with you that this market is very much bearish in the coming weeks.
snapshot
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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
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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