USDCAD 1.35905 - 0.04 % SHORT IDEA
Updated
Good Day Everyone
Here's a look at the USDCAD pair, another rejection at Fibonacci level 61.6 % this is a very strong level as its seen many touches on the pair, the pair is currently rallying downward as we so a bearish close for the week with a significant bearish candle, looking for continuation of this move to the downside.
this move failed on a previous idea attached in which the pair was stopped out as the dollar gained strength in the previous week and the pair closed above the 200 MA as well, so will be looking for significant moves and signals pointing to a bearish continuation on the pair otherwise the trading plan will change as we react to the DOLLAR'S momentum against the CAD .. lets see how it goes
Good luck and happy trading everyone
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Here's a look at the USDCAD pair, another rejection at Fibonacci level 61.6 % this is a very strong level as its seen many touches on the pair, the pair is currently rallying downward as we so a bearish close for the week with a significant bearish candle, looking for continuation of this move to the downside.
this move failed on a previous idea attached in which the pair was stopped out as the dollar gained strength in the previous week and the pair closed above the 200 MA as well, so will be looking for significant moves and signals pointing to a bearish continuation on the pair otherwise the trading plan will change as we react to the DOLLAR'S momentum against the CAD .. lets see how it goes
Good luck and happy trading everyone
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Note
Note
Trade closed: stop reached
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