Bearish Deep Crab and Broken Trendline

17 нояб. 2018 г.

USDCAD has broken its H4 rising trendline following completion of a bearish deep crab pattern and could reach 38.2% retracement of 1Oct low to 14Nov High around 1.3080.
Moreover, WTI has found support at 54.87, near 200-week EMA and 61.8% retracement of Jun2017 low to Oct2018 high.

On a longer-term view, I think the pair can even go to 1.2700 in a few months given the hawkish BoC and USMCA potentially positive outcome.

19 нояб. 2018 г.

Сделка активна

21 нояб. 2018 г.

Сделка закрыта: достигнута стоп-лосс цена

The pair reached 1.33 on USD strength and lower low on USOIL yesterday.
I still hold bearish prediction though for the pair targeting 1.3000.

21 нояб. 2018 г.

Сделка активна

reenter short below 1.3250

23 нояб. 2018 г.

Сделка закрыта вручную

closed short at 1.3189. USOIL might go lower.
Look for another short around 1.3250 or if there is a clear break of uptrend channel.

29 нояб. 2018 г.

Сделка активна

The plan remains the same. USDCAD must first break the uptrend channel and 23.6% fibo around 1.3220.