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rakib_mi
Mar 23, 2019 3:54 AM

usdcad  Short

U.S. Dollar/Japanese YenFXCM

Description

bullish trending market, current move is the retracement.
strong bearish momentum likely to continue after breaking through current 110.000 support. bearish pin bar at support indicates push-back but sellers still in control. target 109.500.
no strong fundamentals regarding either currency till mid-day tuesday.

Comment

enter now, set sl to previous low swing. first tp slightly above current low, possibility to scale second tp 109.600 if push bearish push is strong enough
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