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Carrll21

USD/CAD Intraday Short to 1.13300

Short
Dollar Américain / Dollar Canadien (FX:USDCAD)  
Carrll21 Mis à jour   
FX:USDCAD   Dollar Américain / Dollar Canadien
Trend Analysis Chart Patterns Technical Indicators USDCAD short usdshort
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trendanalysis chartpattern indicator usdcad short usdshort
On the 4H chart the price has made a steady down-trend and there has been a decending triangle forming. The price also has broken below the 20 and 50EMA which indicates a further downside could be on the way. Since USD data is coming out today, I expect the price on this pair to reach at least 1.33000 which would provide us with a nice 50 PIP short trade.
Commentaire:
We are about 7 PIPS away from our target of 1.33000, I have closed down 50% of my position and moved my stops to B/E. I will let this trade ride out to 1.32260. Hopefully WTI inventories and a rally in oil will help us get there. Cheers!
Trade fermée: cible de profit atteinte:
TP1 Reached
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