USDCAD LOOK FOR BEARISH CONTINUATION

Hi everyone:

My previous pullback long trade on USDCAD has given me 5:1 risk/reward ratio profit, and I exited the trade around 1.2720. Now the price action has pullback to 68.20%, and the bearish continuation can be happening this week. I am looking for some bearish price action to form, a bearish flag, or double tops to confirm the entry. Looking to target 1.2500 or the recent lows. I will be closely monitor the price action at the recent lows, as I believe USDCAD's high time frames are all bearish, and could really push down the price to a lower point of 1.2240 since June 2015.

Thank you for your support and feedback.

JoJo

ความคิดเห็น:

Daily chart:

ความคิดเห็น:

No bearish price action yet, waiting patiently

ความคิดเห็น:

Potential Entry on USDCAD now. Wait for pullback.

การซื้อขายยังคงดำเนินอยู่:

ความคิดเห็น: