Follow_The_Spiral
Short

USD/CAD Long Term Setup (Short)

FX:USDCAD   U.S. Dollar/Canadian Dollar
As the Fed rate hike approaches in the coming week, I expect rates to stay the same, leading me to have a biased view that usd will fall. As long as the C leg doesn't pass the price of A (1.32546), I believe that ucad will continue to drop based on my harmonic analysis.
To add to that, I'm hoping that OPEC puts some sort of freeze on oil             production, thus leading to higher oil             prices and ucad falling further.

Entry: 1.32
Tp1: 1.3070
Tp2: 1.2950
Tp3: 1.265

Sl: 1.3266
Comment: So, before the debate usdcad broke the previous July high or A point on my harmonic setup. Thus this gartley is now invalid and time to get out of your shorts. But fear not, because now I am playing the cypher setup as I see usdcad going to 1.34 before falling to a 1.26xx level.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out