USDCAD: Next Area For Potential Short?

FX:USDCAD   U.S. Dollar / Canadian Dollar
369 4 13
Analysis on chart!

This is a basic setup of reading price action! Price recently broke below closed below and is now heading back up to previous structure putting in a harmonic move and 1.618 Extension! RSI may also go overbought and I would look to see how price reacts at this level to see if we can get an entry signal!

Hit that like button your continued support is very much appreciated!

Also eyeballing that level to get short. Had a countertrend long signal end of last week and getting close to hitting my target. Will then wait for a short setup and ride it back down. Great analysis
+1 Reply
SmartTradingFX journeyofarookie2.0
Nice! Hope you bank them pips! Thanks for your kind words!

journeyofarookie2.0 SmartTradingFX
Price just hit my trailed stop. Banked a nice 51 pips (not as good as the 140 planned, but better than nothing). Will be reloading and looking to go short
+1 Reply
SmartTradingFX journeyofarookie2.0
Well done

+1 Reply
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