Usd/cad trade idea

Trading Systems
1

hi all,

is anyone else going short on the usd/cad pair? im currently shorting this pair and ive taken a screen shot of my chart.

trade:

2 x lots @ 1.0500
stop @ 1.0550
1st target @ 1.0400, then trail second lot using fractals.

id like to hear other peoples opinions too :slight_smile:

usdcad 4hr.jpg660×631 106 KB

2

I like the idea of going short on this pair but I think it might retrace higher before turning around and forms crown/H&S formation on 4H time frame.

02.11.4h.jpg700×438 19.6 KB