USD/CAD, DAY CHART, SHORT (16-JAN-2017)Note:
We are more bearish on this pair now.
There is a potential Double Top Setup.
Let's see if it is able to break the neck line at
1.312 level
Here are 2 trading plans:
1. Short when the price break the neck line
powerfully or after breakout followed by pull back.
2. Wait the price correction to the next resistance
level at 1.319 level and short again.
Priceation
An opportunity in EURUSD. You can not miss thisA very nice set up for EURUSD is on the way. The market just began a downtrend and right now a pull back is trying to form. Let's wait and see if it will touch the 40ema, if it does I will take a short position targeting 30 pips. The market is below all the EMS which includes 20, 40 and 200 ema. Keep posted I will let you know once the signalis strong enough.