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Ethan_FX

USDCAD Short

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Ethan_FX  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators USDCAD short Exponential Moving Average (EMA) DXY Moving Average Convergence / Divergence (MACD) Stochastic Oscillator Relative Strength Index (RSI)
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trendanalysis chartpattern indicator usdcad short ema dxy macd stochastic relativestrengthindex
USDCAD could be a possible set up for a short.
DXY Head and shoulders looking very likely so on the back of this we are going to be looking t get in on the action.
USDCAD looks the best set up t take advantage of this as we can see EMA cross a key area of S/R.
We are just going to be patent with this one and wait for the cross to be confirmed and a nice bearish candlestick pattern to appear.
Let me know your thoughts and have a good week of trading!
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