Beautiful USDCAD Short
2019-12-20 10:53:28
Awesome Confluence Sell Opportunity on UCad. Overall Strong Downtrend with a recent strong flush. Countermove and retracement to 38.2 Fib. Showed bearish momentum on the lower time frame as well as rejection of a strong support within a major supply zone. My stop for this trade is somewhere in the neighborhood of the 50-61.8 fib. I am expecting this trade to go down to the institutional level 1.3100 within the middle of the next liquid filled supply zone.