MoneyMaliks
Short

USDCAD Short to 1.31000 handle

FX:USDCAD   U.S. Dollar / Canadian Dollar
Hi guys.

Hope all is well, my fourth published trade on Tradingview.com ( GBPJPY IS still complete with 100% accuracy and 0% drawdown. This can be found on my story on IG , below)

Taken this short based on a slow down of momentum, another closure below the strong resistance level of 1.32000 would be another indication of a push lower on USDCAD . On the 4hrly, 50 & 200 Exponential Moving Averages have crossed over and based on previous data, when these specfic EMA's cross, the move down is very dominant.

*Any change of views on this pair, I will advise in the comment section.*

Entry would be on this trade @ 1.31990
Take profit is 75Pips / Points, bring stop loss into profit by 5 pips when price has moved 25 pips in favour.
Stop loss is 40Pips / Points.


Let the trade run, will keep you lot updated as time goes on.

*This is not financial advise*

Happy trading.
*FYI - Yes, I understand my charts are messy. I didn't have time to make this look pretty, just had to make sure I sent it out.*
@Saifsofficial on IG
Comment: Patiently waiting for price to move to 1.32000 level before moving down.

@Saifsofficial on IG for faster updates.
Comment: If you lot got into this trade, then you're up 50 odd pips / points.

Happy Trading!
@Saifsofficial on IG
Trade active: Another set - up on this USDCAD. Same take profit and stop loss apply.

2 bearish pinbars gave me confirmation and on the 4hrly the EMA's have been respected.

Let's eat people.

Happy trading...!
@Saifsofficial on IG

Comments

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