Get started

Usdcaddaily

USDCAD: Target towards 1.3200 Until Below 1.3750USDCAD is moving downwards perfectly in the bearish channel Following hints are good enough to support the bearish trade idea: 1. MACD is forming a hidden bearish divergence to continue lower. 2. The most recent rising trendline within the bearish channel is broken lower with a successful retest as the resistance. 3. 4 out of the 5 legs impulsive structure are completed and the target for the last leg is derived from the confluence of the prior leg's Fibo Extn.s at 1.3200 Invalidation of the bearish trade idea would be the break above 1.3750 GOOD LUCK FOR YOUR TRADES !!! PLEASE SHOW YOUR SUPPORT IF YOU LIKED THE IDEA
Short
by moneytize
Short $USDCAD against 1.3750Hello Sophisticated Trader, Last week long on the USDCAD worked out amazing and the pair has reached a key resistance. Therefore, this week we are looking to Short $USDCAD against 1.3700 as the pair seemed to have rejected the resistance. This potentially leaves the downside vulnerable this coming week, especially towards the end of the month. Any other spike should be considered as a short for a test of the low. Only a daily close above 1.3750 would negate the coming downside. Like, Comment, and Follow. Let's Make Money Together! Happy Trading! Dr. Lydia Smith Where we teach you what you need to know to be a profitable trader.
Short
by DrLydia