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Short-setup

USDCAD - SPECULATION UNTIL CONFIRMATION.Potential future moves. We sit neutral without a confirmation on either moves. 1. Price will continue its bullish run since completing our double bottom pattern... and run from the neckline (CMP) to our resistance line that has multiple wick rejections. Keep in mind, price may consolidate a little at our current area before price action shows us who is in control. 2. Price will continue down to our support line / double bottom level, retest the neckline then continue a bearish trend. Do not forget to take advantage of shorter timeframes to get a much more detailed view of the market. This will allow you to spot the perfect entry using price action candlestick patterns at a targeted level and or area!
by IndependenTradingFX
USDCAD - Short Swing Trade 1.1Ladies and gentlemen, we are here, another beautiful August day, observing and remaining patient shall be the name of the game. Hold on to your horses, don't let the devil tempt you into a long as the set up is serendipitously becoming more real. Multiple Levels of confluence. A rejection at a key monthly level of resistance. The weekly dynamic TL has been broken and retested. Head & Shoulder pattern developing at more key levels. Indicators resting at the 50 level and itching for a bounce. Watch for a Frankfurt fake out- banks will take out stops and get in at a better price on your hard earned bread crumbs. I've got popcorn in the microwave and you should too. Market gives to those that are patient, watch how it unfolds over the next couple weeks. Follow me and swing trade your way to freedom.
Short
by theyfollowme