USDCAD long / short opportunity on If / Then theory

10 May 2016

Here on the USDCAD we are in a long term down trend, but we are currently on the "top" of an outside return - which means we are at a decission point where price can continue the longer term downtrend, or continue the short term uptrend.

On the chart we got a bearish Cypher formation at structure resistance, so IF price gets up to our PRZ level -Then we go short.

If price retrace down to the bullish Cypher formation -Then we go long at our PRZ level on a trend continuation trade.

Kind regards
Thomas Jeff

11 May 2016

İşlem aktif

On bullish formation. The Bearish Cypher is invalid, remove orders

11 May 2016

Not

Stop moved to break even