Is USDCAD ripe for short - forex news trading pdf

Is USDCAD ripe for short ~ forex news trading pdf

I am currently watching USCAD for short. For the other majors that I dont trade regularly, I look for set-ups in the daily chart. The daily is getting ripe for short, but the signal is not there yet. The next 2-4 candles will determine the direction. The two major resistance areas on the daily chart will give the signal to sell for an appreciable drop. I attach two charts to clearly illustrate the point.



Enjoy your trading!
More info for Is USDCAD ripe for short ~ forex news trading pdf:

Everything is in the chart - forex news trading plan

Everything is in the chart ~ forex news trading plan

Look at where price is at the moment, over 40 pips in the bag already! If you follow this advise the horizontal line on the RSI is the place to watch out for. If you miss the train, wait for the next set-up.
More info for Everything is in the chart ~ forex news trading plan:

GBPUSD Still within 200 pips H4 box - forex news trading strategy pdf

GBPUSD Still within 200 pips H4 box ~ forex news trading strategy pdf

When I posted the last chart, I mentioned that Cable has formed a 200 pips box. Price broke out of the box briefly on Friday and the two H4 candles that moved out of the range opened and closed in the box. We are still within the box and the big boys have not made up their made on the direction to go. We are still in an area of consolidation. If you look at the chart below when the price was on its way to 1.60000 it stayed within the current zone but for just about 4 days. We have spent about 7 days within the zone so far. It is very crucial area, a break out of the zone, will determine the next direction. For a break upward, the area to watch out for is 1.57030. For the downside, the support is at 1.54419. This is where to watch out for if you are trading GBPUSD. As usual use the reliable H4 and M15 to plan your trade.
More info for GBPUSD Still within 200 pips H4 box ~ forex news trading strategy pdf: