The recent rally in this pair appears to be fading. I suspect the US dollar will begin to weaken again soon. Below is the SELL order I’ve just placed:
Sell: 1.0180
Stop 1.0250
Profit 1.0100
Risk reward is positive: Risking 70 pips to gain 80.
Nice trade I think, I enter short @ about 1.0186. Lets see what happens.
Its a quiet night so thought I would poke my nose in here. You could make the case for the short off the 15 mins. There is a longtailed candle, OB according to James definition and divergence so all good. Just be aware that if you dial out to the longer time frames the H1 shows classic bullish activity with HL and HH in place. On the 4H we are close to the strong resistance at 200 so we can expect some choppy action here. If you are right and this is a turning point then of course you could be in for a big payday but I would be looking for something more. There is no huge reversal sign yet. The easiest way to trade this short is to wait for some confirmed LL and LH behaviour on your timeframe of interest. More obvious signs of rejection at 200 would also be convincing. However if you are right then fantastic, circa 100 would be your first target as you say
Well, the dollar weakened against several pairs yesterday, but only briefly wobbled against the CAD. I took my profits and got out with 25 pips.
To review my trade: I got in too early and should have waited longer. Entering at 1.0195 would have been much better. It’s just a question of fine tuning my entry point in future.
Still, 25 pips is still a profit 
P.S. Thanks for the positive comments.