USDCAD Bearish Analysis

4 Ağu 2019

The price is preparing itself to deceive the traders... Friday Pin Bar suggest to sell the trade immediately on which many traders might be tended to ride. In my view It may touch that 38% - 50% Fib Level drawn from low of current daily swing and then reverse back.

My Bearish Scenario is as follow:

If the price bounced back from Fib levels and give us candlestick confirmation @ 1.3200 - 1.3215 area or @1.3250 - 1.3250 area

Stay tuned for the signal in case the above mentioned analysis proved....

5 Ağu 2019

Not

The Pair has crossed and retraced from 1.3200... Now we need to wait for another candlestick confirmation to go bearish in this pair.

6 Ağu 2019

Not

Signal
Sell Stop @ 1.3170
SL 1.3230
TP 1.3050

My each risk is 2% of my account.
My lot size for this trade 0.05
Risking pips 60
Rewarding Pips 120
patience is necessary.

6 Ağu 2019

Not

Sell at cmp 1.3223
SL 1.3270
TP 1.3100

6 Ağu 2019

İşlem aktif

Sell at cmp 1.3223
SL 1.3270
TP 1.3100

7 Ağu 2019

İşlem kapandı: durdurma seviyesi

Lost Pips 47 pips