USDCAD SHORT 4H

29 Feb 2020

Here USDCAD is in a critical area the highlighted area is where I will enter a short. From the weekly chart, I can see a rejection on the upper area of the descending channel due to previous rejections I think the reversal will be extremely dramatic. Moving on to the Daily chart, the wick of the recent candlestick shows buying exhaustion almost forming the gravestone Doji which is a great sign of reversal. So the 4-hour chart will be what I will be watching the pair on and executing the trade on the 1 Hour chart.

2 Mar 2020

Trade aktif

28 Pips profit

2 Mar 2020

Catatan

At the moment CAD is correlating with oil as commented before waiting for US data to come out at 3 and for the Russian input at the OPEC meeting.

2 Mar 2020

Trade aktif

SL extension 1.34100