Hello Traders! Today FX:USDCAD is on my radar. Here is a very nice shorting opportunity. At last the price has broken a big triangle, found support @1.3175 and forming a flag pattern, and this means that market is going to fall even more. We have 2 opportunity to go short: 1. Sell around the PRZ, 2. Wait for the market to break the flag and support, retest it for more confluence and then go short. Avto_T GL (Green Luck) ---------------------------------------------------------------------------------------------------------------- ATTENTION: Very soon, the best forex services will be available for you traders. Our team is working hard to satisfy your needs. We give you the opportunity to choose between the best brokers in the industry, with the confluence of analyses and investigation of our experts’ team. Our team will be ready to guide you through each broker you are interested. And many more friendly services and atmosphere will be available only for you! And of course the best service ever, we do offer you a so called “Big Deal” service, which you have never faced before. Reserve your sits my friends! Follow me and be the first to enter our world!
Perfect, no rate hike scenario! Perfect pair for that scenario, short USD and long OIL and CAD...
RCP
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Lets see my friend. FOMC is an issue right now.
But technically your analyses are 100% right
KVE
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Yes, yes, shorted it and closed already, now I guess we will go back up to close possible gaps and then short again... It's always a guess I know but still tradable if you can avoid the first whipsawing...
RCP
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Yes! price should go back for correction and then it is safe to go short. I dont trade on news, so I will be waiting the pullback at the structure and go short.
KVE
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For me we closed the gap about 10min ago, we could see continued selling off from here...I'm in with a small short position from 1.3171 just in case...
EUR/USD looks like the rally could continue without retracing first but we'll see...