Charlieab94
Short

USDCAD Short Trade Scale In *TRENDLINE & FIB*

OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Here is my planned 4th and final short entry on USDCAD for the year.

I am looking to short again now on this pullback and lower high before price should head back down to my final TP.

Entry price = 1.31800

4hr Fib 0.786 retracement level
Bearish TL
Consecutive lower high and lower lows made on 4hr timeframe.

Check out my blog site for a full breakdown of all my CAD $ trades over the last few weeks https://diaryofafinancekid.com/blog/
Trade active
Trade closed: target reached: Profit target reached.

Comments

What is your timeframe to get to 1.3050 please? Thanks!
+1 Reply
@Mumsy17, Hopefully by the end of this week
Reply
Mumsy17 Charlieab94
@Charlieab94, I put a short trade at 1.3170, it’s working well so far.
+1 Reply
@Mumsy17, Nice entry! :)
Reply
I am considering a short USDCAD ahead of the CPI data and given recent softer data in comparison to better than expected US data, oil holding up as well but the levels at the moment 1.3155 seem too high..
+1 Reply
@Mumsy17, Nice
Reply
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