Simple short trade set up on USDCAD.
Nice 4hr rejection of the daily 0.618 fib level. Price is rejecting it and has the potential to make a daily lower high here before heading back down to previous support at 1.29500
Risk trade - Short here at the 0.618 (1.31800) and hope for the 1hr trend and 50EMA to break.
Easier Trade - Wait for a 1hr lower high to be made and sell there.
Nice 4hr rejection of the daily 0.618 fib level. Price is rejecting it and has the potential to make a daily lower high here before heading back down to previous support at 1.29500
Risk trade - Short here at the 0.618 (1.31800) and hope for the 1hr trend and 50EMA to break.
Easier Trade - Wait for a 1hr lower high to be made and sell there.
評論:
1.32 key level seems to be holding strong. Looks like a bearish leg will occur next.
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