USDCAD forming a really strong reversal, remain bearish

FX:USDCAD   美元 / 加元
Sell below 1.2654. Stop loss at 1.2766. Take profit at 1.2270.
Reason for the trading strategy (technically):
Price is now testing major resistance at 1.2654 (61.8% Fibonacci retracement , 61.8% Fibonacci extension , Impulsive Elliott wave structure, horizontal overlap resistance, bearish price action) and a strong reaction could occur at this level to push price down towards 1.2270 support ( Fibonacci extension , horizontal swing low support). We have to keep a watch out on intermediate support at 1.2382 ( Fibonacci retracement , horizontal overlap support) where another bounce might occur.
Stochastic (55,5,3) is seeing major resistance at 96% where a corresponding reaction could occur.

Great TA.
Dropping like a stone, thanks guys :-)
dlau Glendooie
@Glendooie, no its not, im in so much drawdown
@dlau, "Dropping lke a stone" is just an expression. What does, "m in so much drawdown " mean? You're right, BTW, it appears to have been floating down like a feather. In fact, I've seen feathers fall faster than this pair, but I'm still in :-)
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人資料 個人資料設定 帳戶和帳單 我的客服工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出