UCAD RISE BEFORE FALL

17 Okt 2016

From my analysis I can see that the UCAD has been in a bearish trend since last week. There was a long wick thrown on the 4 hour time frame from last week. I expect UCAD to rise for about 4 candles before retracing and continuing the bearish trend. I would wait for the next 2 candles on the hour chart and then buy in around the 1.31436 area and close out around the 1.31885 area.