Fxprotrader
Short

USDCAD: Median Line, Double Top & RSI Show Sell

FX:USDCAD   U.S. Dollar/Canadian Dollar
2484 24 73
2 months ago
In my previous post on USDCAD             i described a potential short, but based on the result i posted a little early. Now i will once again watch for a sell setup at level where price tests the median line of an upslope pitchfork . At that level we have a double top formation while RSI is overbought and a bearish divergnece is present.

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2 months ago
Trade active:
snapshot
2 months ago
Comment: With current profit at slighty more than 1:1 risk/reward ratio we should move stoploss at breakeven for a risk free trade setup
2 months ago
Comment: Trade stopped at breakeven..
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TAJIR_B
2 months ago
snapshot


div, in 1h, waiting for this candle to short
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Fxprotrader PRO TAJIR_B
2 months ago
Thanks for sharing
+1 Reply
TAJIR_B Fxprotrader
2 months ago
thanks

(just for info: all ichi components are long, so caution is needed )
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refleks2003 TAJIR_B
2 months ago
Thank you
+1 Reply
AliQaiser
2 months ago
is it conformed so i can sell now ??
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Fxprotrader PRO AliQaiser
2 months ago
You should wait for a sell setup to complete first based on your strategy.. If you already have one completed, yes you may sell.. Good luck..!
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AliQaiser Fxprotrader
2 months ago
i have no stratgey i dont know how to make .. i want to learn
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Fxprotrader PRO AliQaiser
2 months ago
Well, i believe is very risky trading the markets with no strategy.. A startegy (setup) has rules on when to enter, where to place your stoploss, where to place your tp etc. take your time and study about setups and come back for more analysis.. I hope that helps..! :)
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PriceActionPmlani
2 months ago
Im watching this too
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Fxprotrader PRO PriceActionPmlani
2 months ago
Great to know mate :)
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Jakethesnakee
2 months ago
Where do you put your stops? B/c of the double top, there is no structure to go off of besides maybe basing it off of risk/reward.
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ubersorg
2 months ago
Rsi, MACD, STOCH have crossed downward plus the Ichimoku is showing signs of bearish trend, What do you think about that? :)
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Fxprotrader PRO ubersorg
2 months ago
I don't use ichimoku, stoch.. I use median line analysis, and wave analysis. Plus RSI only for divergences and overbought & oversold conditions. I think price will reach at least the parallel of the median line
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sftrading
2 months ago
Thanks for sharing!
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Fxprotrader PRO sftrading
2 months ago
You are welcome :)
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Galih
2 months ago
Bull not bear -(
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Dguaman
2 months ago
Oki doki, im IN ... short !
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Comment removed
Dguaman santoroma
2 months ago
wow, are you talking serious?
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Fxprotrader PRO Dguaman
2 months ago
Don't open a new topic with him mate.. You will lose your time :)
+1 Reply
YoussefRazak
2 months ago
snapshot
trendline break
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Fxprotrader PRO YoussefRazak
2 months ago
Great.. Thanks for sharing :)
+1 Reply
YoussefRazak Fxprotrader
2 months ago
My pleasure ...
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Dguaman
2 months ago
Can we re-enter or this trade is closed
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margaux Dguaman
2 months ago
Is this a SELL USD/CAD for today? 24 Oct '16?
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