Selling the USD/CAD (25/07/2013)

Selling the USD/CAD (4hrs)

A good opportunity to sell the USD/CAD pair is on its way.

 

  • The down-ward trend is really strong,
  • the extremes are on the overbought side, and
  • a bearish candle has been formed.

 

Therefore, we WAIT for a second bearish candle to be formed and THEN we will start the frenzy selling!

Oh, and place a Stop Loss!