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Dólar Americano/Dólar Canadense
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USDCAD Setup again.

Details on chart.
Nota
I am bullish on this pair as I see some good pullback above 1.34 figures before reversing.. But it needs to crack 1.322 previous support not good resistance..

For now it has made good base at 1.30 for bounces.. and new downtrend will start only after break of 1.28. Above it will remain in consolidation.
Nota
Previous support 1.322 now good resistance.
Nota
USDCAD Daily Chart.

snapshot
Nota
UCAD again bounced from 1.30.. now base.. and we will most likely see move towards 1.316 and 1.322 today.. and if we able to break 1.322 then new jumps will start for 1.34 in coming sessions.
Nota
If usdcad didnt clear 1.32 then possibility for fall back again towards 1.308...
Nota
1hr chart

snapshot
Nota
I entered with 2nd entry from 1.2084 and keeping stops of both deals 1.29
Nota
snapshot
Nota
Out with loss at 1.2946
Nota
I am short usdcad from 1.2948 with stop 1.2955.. Only 7 pips stop.. just 1 pip above new 4hr candle.

Will adjust tp but will watch this 4hr candle close.
Nota
USDCAD can possible test 1.2856 and even 1.283 as well...

snapshot
Nota
Closed sell at 1.2865 from 1.2948.
newbie2016
usdcadlong
newbie2016

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