8 Mart 2014 Cumartesi

USDCAD Can Start the Week with Bearish Movement // Short Signal


Edit: CAD didn't get the strength.

In 4 hour chart,

  1. Price is on a downtrend in near term.
  2. Hanging man ( On the chart mistakenly hammer was written by me ) occured near the upper line of Ichi Cloud with higher volume. Therefore it is a possible reversal signal.
1,1120 level can be stop loss point. There are 2 take profit targets: One of it is Resistence 2 and after that if price will break the first target, Pivot Level will be the next target which is around 1,099 can be possible.

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