Monday 25th, July 2016; USD/CAD Short

Look to enter in the weekly sell zone (WK M3- WK PP) @ resistance, with a possible conservative target @ Weekly M1 1.2907.

Resistance on daily chart (double Top) & Monthly R3. Note how price price action respected the upward channel, (price at upper channel resistance).

awaiting entry to short ; 15min/ 5 min , 5-8 cross etc

4 thoughts on “Monday 25th, July 2016; USD/CAD Short”

Jim Reddihough says:
July 25, 2016 at 7:47 am
Also a double top at 1.3190, but CAD is looking weak and oil is falling again. I’d like a lower high before considering an entry.
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Roger says:
July 25, 2016 at 2:06 pm
Hi Jim. Is crude @ a bottom or their still some movement down to long term support @ 43.00. What do think….
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1. Jim Reddihough says:
  July 25, 2016 at 4:39 pm
  Next support level looks to be around 42 to me.
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  1. Roger says:
    July 26, 2016 at 5:54 am
    noted, I was rounding off my Monthly S2 (42.9200)…..
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